Pr 1 (1-08) b Agricultural Prices National Agricultural Statistics Service USDA Washington, D.C. Released January 31, 2008, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture. For information on "Agricultural Prices" see page 87, office hours 7:30 a.m. to 4:00 p.m. ET. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Update Alert Adjusted base price for grapes, raisin varieties, dried (CA) corrected on pages 27 and 33. January parity price for grapes, raisin varieties, dried (CA) corrected on pages 27 and 33. Market year average and ten year average prices for grapes, raisin varieties, dried (CA) corrected on page 43. Footnote added for 2007 apples processing. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX January Farm Prices Received Index Advances 6 Points From Last Month The preliminary All Farm Products Index of Prices Received by Farmers in January, at 150 percent, based on 1990-92=100, increased 6 points (4.2 percent) from December. The Crop Index is up 16 points (11 percent) but the Livestock Index decreased 4 points (2.9 percent). The All Farm Index and All Crop Index are at record highs. Producers received higher commodity prices for corn, soybeans, broilers, and wheat and lower prices were received for milk, tomatoes, hogs, and turkeys. The overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased average marketings of corn, soybeans, cattle, and strawberries offset decreased marketings of grapes, milk, broilers, and cottonseed. The preliminary All Farm Products Index is up 27 points (22 percent) from January 2007. The Food Commodities Index, at 150, increased 2 points (1.4 percent) from last month and increased 26 points (21 percent) from January 2007. Prices Paid Index Up 3 Points The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 168 percent of the 1990-92 average. The index is up 3 points (1.8 percent) from December and 13 points (8.4 percent) above January 2007. This is a record high for the index. Higher prices in January for cash rent, taxes, and other farm services more than offset the decline in diesel fuel, feeder cattle, and hay & forages. Index Summary Table -------------------------------------------------------------------------------- : 2006 : 2007 : 2008 Index :-------------------------------------------------------------- 1990-92=100 : Dec : Jan : Dec : Jan -------------------------------------------------------------------------------- : Prices Received : 120 123 144 150 : Prices Paid : 151 155 165 168 : Ratio 1/ : 79 79 87 89 -------------------------------------------------------------------------------- 1/ Ratio of index of prices received by farmers to index of prices paid by farmers. Prices Received by Farmers The January All Farm Products Index is 150 percent of its 1990-92 base, up 4.2 percent from the December index and 22 percent above the January 2007 index. ALL CROPS: The January index is 167, up 11 percent from December and 27 percent above January 2007. Index increases for feed grains & hay, oil-bearing crops, food grains, and commercial vegetables more than offset the index decreases for fruits & nuts. Food Grains: The January index, at 261, is 7.0 percent above the previous month and 72 percent above a year ago. The January all wheat price, at $8.55 per bushel, is up 81 cents from December and $4.02 above January 2007. Feed Grains & Hay: The January index is 186, up 11 percent from last month and 38 percent above a year ago. The corn price, at $4.28 per bushel, is up 52 cents from last month and $1.23 above January 2007. The all hay price, at $129 per ton, is down $4.00 from December but up $20.00 from last January. Grain sorghum, at $8.23 per cwt, is $1.30 above December and $1.92 above January last year. Oil-Bearing Crops: The January index, at 196, is up 11 percent from December and 72 percent higher than January 2007. The soybean price, at $11.00 per bushel, increased $1.00 from December and is $4.63 above January 2007. Cotton: The January index, at 101, is up 3.1 percent from December and 23 percent above last year. The January price, at 61.4 cents per pound, is up 2.2 cents from the previous month and 12.0 cents above last January. Potatoes & Dry Beans: The January index, at 127, is up 1.6 percent from last month and 5.0 percent above January 2007. The all potato price, at $7.11 per cwt, is up 2 cents from December and 5 cents from last January. The all dry bean price, at $28.40 per cwt, is up $1.40 from the previous month and $5.70 above January 2007. Fruits & Nuts: The January index, at 153, is down 1.9 percent from December but unchanged from a year ago. Fruit prices were down slightly compared to last month. Marketing of fruits decreased from last month. Commercial Vegetables: The January index, at 147, is up 6.5 percent from last month but 17 percent below January 2007. Price increases during January for lettuce, broccoli, snap beans, and celery more than offset price declines for tomatoes, onions, and sweet corn. LIVESTOCK & PRODUCTS: The January index, at 132, is 2.9 percent below last month but up 14 percent from January 2007. Compared with a year ago, prices are higher for milk, cattle, broilers, eggs, turkeys, and calves. The price for hogs is down from last year. Meat Animals: The January index, at 113, is unchanged from last month but 2.7 percent higher than last year. The January hog price, at $36.50 per cwt, is down $3.10 from December and $6.20 lower than a year ago. The January beef cattle price of $89.40 per cwt is up 50 cents from last month and $5.10 higher than January 2007. Dairy Products: The January index, at 158, is down 4.2 percent from a month ago but 42 percent higher than January last year. The January all milk price of $20.70 per cwt is down 80 cents from last month but up $6.20 from January 2007. The fluid grade milk and the manufacturing grade milk prices are down 70 cents from the previous month. Poultry & Eggs: The January index, at 157, is up 1.9 percent from December and 17 percent above a year ago. The January market egg price, at $1.20 per dozen, decreased 8.0 cents from December but is 41.2 cents above January 2007. The January broiler price, at 48.0 cents per pound, is up 4.0 cents from December and 5.0 cents above a year ago. The January turkey price, at 44.8 cents per pound, is down 7.8 cents from the previous month but up 4.0 cents from a year earlier. Table of Contents U.S. Prices Received and IndexesPage Narrative . . . . . . . . . . 2 Price Indexes . . . . . . . . 5 Price Index Charts . . . . . . 6 U.S. Prices Received Summary . 10 Charts . . . . . . . . . . . . 12 Selected Commodities . . . . . 16 Upland Cotton & Rice Marketings.19 Parity Prices . . . . . . . . 26 Reliability Statement . . . . 57 Monthly State Prices Received Apples . . . . . . . . . . . . 19 Barley . . . . . . . . . . . . 17 Beans, Dry Edible . . . . . . 18 Beef Cattle, All . . . . . . . 22 Calves . . . . . . . . . . . 22 Cows, Beef . . . . . . . . . 22 Steers and Heifers . . . . . 22 Canola . . . . . . . . . . . . 18 Citrus Fruit . . . . . . . . . 20 Corn . . . . . . . . . . . . . 17 Monthly State Prices, continuedPage Cotton . . . . . . . . . . . . 19 Cottonseed . . . . . . . . . . 19 Eggs . . . . . . . . . . . . 24 Flaxseed . . . . . . . . . . . 18 Grain Sorghum . . . . . . . . 17 Hay . . . . . . . . . . . . . 19 Hogs, All . . . . . . . . . . 23 Barrows and Gilts . . . . . 23 Sows . . . . . . . . . . . . 23 Milk . . . . . . . . . . . . . 25 Milk Cows . . . . . . . . . . 25 Oats . . . . . . . . . . . . . 17 Peanuts . . . . . . . . . . . 18 Potatoes . . . . . . . . . . . 21 Sheep . . . . . . . . . . . . 24 Lambs . . . . . . . . . . . . 24 Soybeans . . . . . . . . . . . 17 Sunflower, All . . . . . . . . 18 Wheat, All Classes 16Prices Received Special FeaturesPage Marketing Year for Specified Commodities.............28 Monthly Price Revisions Rice................................................29 Monthly Marketings Rice................................................29 Marketing Year Average Prices Rice...............................................29 Sweet Potatoes.....................................28 Index of Prices Received: U.S., All Groups, Monthly and Annual, 2004-2008............................................48 Annual Parity Price Calculations Authority for Parity Prices, Method of Computation and Prices........30 Adjusted Base Prices & January 2008 Parity Prices....................32 Average Base Period Prices, U.S., 1910-14............................31 Prices Received by Farmers used to Calculate Parity Prices, U.S., by Years, 1998-2007....................................................38 Parity Price Equivalent for Manufacturing Grade Milk.................56 Table of Contents (continued) U.S. Prices Paid, Prices Paid Indexes and RatiosPage Narrative................................................58 Indexes and Parity Ratios................................59 Charts...................................................61 Feed Price Ratios........................................64 Reliability Statement....................................86 U.S. Average Prices Prices Used to Calculate Feed Price Ratios...............64 Feeder Livestock.........................................64 Special Features Private Non-Irrigated Grazing Fee Rates for Cattle by Selected States and Regions.......................................65 Prices Paid Survey Estimates, Month Published and Level..85 Index of Prices Paid: 1910-14=100 and 1990-92=100 Monthly and Annual Average, United States, 2004-2008..............................66-84 PPITW, PITW, Production Items.........................66-67 Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin...........................................67-74 Ratios...................................................75 Crop Sector, Livestock Sector, and PPITW adjusted for Productivity............................................76 Index Sub-Components (1990-92=100): Monthly and Annual Averages......................................77-84 Information Contacts.....................................87 Index Numbers of Prices Received, United States, January 2008, with Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14=100 : 1990-92=100 :------------------------------------------------------ Index : : 2007 : 2008 : 2007 : 2008 :Average :--------------------------------------------- :1990-92 : Jan : Dec : Jan : Jan : Dec : Jan -------------------------------------------------------------------------------- : All Farm Products : 639 784 *914 953 123 *144 150 : All Crops : 500 645 *746 821 131 *151 167 Food Grains : 325 482 *776 830 152 *244 261 Feed Grains & Hay : 363 484 *599 665 135 *167 186 Cotton : 517 418 *500 519 82 *98 101 Tobacco : 1,263 1,392 *1,397 1,397 92 92 92 Oil-Bearing Crops : 554 624 *968 1,073 114 *177 196 Fruits & Nuts : 716 1,067 *1,090 1,066 153 *156 153 Commercial Vegetables : 698 1,186 *922 982 177 *138 147 Potatoes & Dry Beans : 540 612 *633 643 121 *125 127 Other Crops : 493 580 *585 585 118 *119 119 : Livestock & Products : 768 888 *1,040 1,012 116 136 132 Meat Animals : 1,021 1,121 *1,146 1,144 110 113 113 Dairy Products : 799 891 *1,321 1,272 111 *165 158 Poultry & Eggs : 282 377 432 442 134 154 157 : Food Commodities : 124 *147 150 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. Selected Index Numbers for Prices Received and Paid, 1990-92=100, by Month, United States, 2007 and 2008 1/ -------------------------------------------------------------------------------- : Index of Prices Received : Index of Prices Paid :---------------------------------------------------------------- : : : Livestock : : Month : All Farm : All : and : All : Production : Products : Crops : Products : Items : Items :---------------------------------------------------------------- :2007 :2008 :2007 : 2008 : 2007 :2008 : 2007 :2008 : 2007 : 2008 -------------------------------------------------------------------------------- Jan : 123 150 131 167 116 132 155 168 152 169 Feb : 128 138 120 156 154 Mar : 133 142 126 159 157 Apr : 135 142 129 160 160 May : 137 140 134 161 160 Jun : 139 142 137 161 160 Jul : 140 141 140 161 161 Aug : 141 142 139 161 161 Sep : 141 142 139 162 162 Oct : 141 148 132 163 163 Nov : 142 148 136 165 165 Dec : 144 151 136 165 166 -------------------------------------------------------------------------------- 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. Prices Received, United States, January 2008, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit: 1990-92 : Jan : Dec : Jan : : : 2007 : 2007 : 2008 -------------------------------------------------------------------------------- : : Dollars : : : : Field Crops : : : : Barley, All : Bu : 2.12 3.03 4.51 4.92 Feed : Bu : 1.90 3.11 4.78 5.23 Malting : Bu : 2.43 3.00 4.36 4.75 Beans, Dry Edible : Cwt: 19.10 22.70 27.00 28.40 Canola 1/ : Cwt: 17.70 20.00 Chickpeas, All : Cwt: 27.80 29.50 29.00 Large : Cwt: 28.00 30.90 29.00 Small : Cwt: 6/ 19.60 7/ Corn : Bu : 2.30 3.05 3.76 4.28 Cotton, Upland : Lb : 0.606 0.494 0.592 0.614 Cottonseed 2/ : Ton: 96.00 121.00 171.00 171.00 : : Flaxseed : Bu : 4.27 6.03 13.00 13.90 Hay, All, Baled 3/ : Ton: 76.30 109.00 133.00 129.00 Alfalfa 3/ : Ton: 77.20 112.00 136.00 135.00 Other 3/ : Ton: 60.00 104.00 126.00 118.00 Lentils : Cwt: 14.10 26.60 28.50 Oats : Bu : 1.22 2.20 2.69 2.71 Peanuts, In-Shell : Lb : 0.304 0.178 0.213 0.220 Peas, Dry Edible : Cwt: 7.23 14.30 15.50 Austrian Winter : Cwt: 6.95 15.10 15.50 Potatoes : Cwt: 5.82 7.06 7.09 7.11 : : Rice, Rough : Cwt: 7.07 10.40 11.30 11.60 Grain Sorghum : Cwt: 3.75 6.31 6.93 8.23 Soybeans : Bu : 5.61 6.37 10.00 11.00 Sunflower, All : Cwt: 9.50 13.80 19.20 20.90 : : Wheat, All : Bu : 2.96 4.53 7.74 8.55 Winter : Bu : 2.93 4.53 7.66 8.33 Durum : Bu : 2.86 4.71 11.60 13.40 Other Spring : Bu : 3.11 4.51 7.46 8.38 Hard Red Winter : Bu : 4.73 7.63 Soft Red Winter : Bu : 4.05 7.04 Hard Red Spring : Bu : 4.54 7.46 White : Bu : 3.24 4.34 7.81 : : Fruit : : : : Citrus, Equiv on-tree: : Grapefruit : Box: 5.77 5.66 5.09 5.31 Lemons : Box: 10.10 11.50 30.60 36.73 Oranges 4/ : Box: 5.79 8.25 5.71 5.77 Tangelos : Box: 5.82 8.52 3.05 0.96 Tangerines : Box: 15.11 14.05 14.68 16.47 : : Noncitrus, Fresh : : Apples 5/ : Lb : 0.212 0.299 0.348 0.356 Grapes 5/ : Ton: 506.00 7/ 1,990.00 7/ Peaches 5/ : Ton: 432.00 7/ 7/ 7/ Pears 5/ : Ton: 370.00 541.00 515.00 553.00 Strawberries : Cwt: 56.00 131.00 171.00 199.00 -------------------------------------------------------------------------------- 1/ Monthly prices began in July 2007. 2/ Marketing year August - February. 3/ Mid-month price. 4/ Includes Temples beginning with the 2006-07 season. 5/ Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 6/ Price not published to avoid disclosure of individual firms. 7/ Insufficient sales to establish a price. Prices Received, United States, January 2008, with Comparisons -------------------------------------------------------------------------------- : : : Entire Month :Preliminary : : Average :-------------------------------------- Commodity :Unit : 1990-92 : Jan : Dec : Jan : : : 2007 : 2007 : 2008 -------------------------------------------------------------------------------- : : Dollars : : : : Vegetables, Fresh 1/ : : : : Asparagus : Cwt : 79.80 Broccoli : Cwt : 22.50 69.80 40.70 51.40 Cantaloups 2/ : Cwt : Carrots : Cwt : 13.20 21.00 16.20 16.20 Cauliflower : Cwt : 26.80 45.70 52.40 66.90 Celery : Cwt : 11.60 33.90 13.50 18.30 Corn, Sweet : Cwt : 15.70 27.40 34.10 30.80 Cucumbers 2/ : Cwt : 30.80 18.50 38.40 Lettuce : Cwt : 11.90 20.80 16.00 19.30 Onions : Cwt : 12.80 22.10 4.13 3.85 Snap Beans 2/ : Cwt : 64.90 43.00 68.80 Tomatoes : Cwt : 32.30 35.60 81.20 58.20 : : Livestock : : : : Calves : Cwt : 94.30 115.00 118.00 116.00 Cattle, All Beef : Cwt : 72.90 84.30 88.90 89.40 Cows 3/ : Cwt : 49.60 44.40 44.90 46.20 Steers & Heifers : Cwt : 77.10 89.80 95.10 95.20 Milk Cows 4/ : Head: 1,130.00 1,660.00 1,960.00 : : Hogs, All : Cwt : 47.70 42.70 39.60 36.50 Barrows & Gilts : Cwt : 48.40 43.40 40.40 37.30 Sows : Cwt : 39.50 29.80 21.00 20.30 : : Lambs : Cwt : 56.20 96.50 98.50 Sheep : Cwt : 23.40 37.10 29.70 : : Dairy and Poultry : : : : Milk, All 5/ 6/ : Cwt : 13.06 14.50 21.50 20.70 Fluid Grade 6/ : Cwt : 13.10 14.50 21.50 20.80 Mfg Grade 6/ : Cwt : 11.80 13.90 20.80 20.10 : : Broilers, Live 7/ : Lb : 0.317 0.430 0.440 0.480 Eggs, All 8/ : Doz : 0.643 0.915 1.360 1.290 Market 8/ 9/ : Doz : 0.546 0.788 1.280 1.200 Turkeys, live 7/ 8/: Lb : 0.380 0.408 0.526 0.448 : : Adjusted for Seasonal : : Variation 10/ : : Eggs, All : Doz : 0.545 0.792 1.120 1.110 Milk, All 5/ : Cwt : 9.71 14.40 20.80 20.40 -------------------------------------------------------------------------------- 1/ Beginning January 2006, point of first sale. F.O.B. shipping point for prior years. 2/ Monthly estimates began January 1995. 3/ Beef cows and cull dairy cows sold for slaughter. 4/ Animals sold for dairy herd replacement only. Prices available for Jan, Apr, Jul, and Oct. 5/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6/ January 2008 Fat test percent: all milk 3.78, fluid milk 3.78, mfg grade 4.08. 7/ Equivalent live weight price. 8/ Mid-month price. 9/ Also referred to as table eggs. 10/ Seasonal adjustment factors are: All Eggs January 2007, 116; December 2007, 122; and January 2008, 116. All Milk January 2007, 101; December 2007, 103; and January 2008, 101. Wheat: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : All Wheat : Winter Wheat : Durum Wheat :Oth Spring Wheat State :----------------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : AR : 8.93 8.80 8.93 8.80 CA : 6.93 7.50 6.93 7.50 4/ 4/ CO : 7.25 7.90 7.25 7.90 3/ 4/ ID : 6.75 7.48 6.71 7.50 6.48 3/ 6.89 7.35 IL : 6.59 6.60 6.59 6.60 IN : 7.59 7.95 7.59 7.95 KS : 8.47 8.84 8.47 8.84 MI : 6.61 7.50 6.61 7.50 MN : 7.08 7.84 6.59 6.95 7.09 7.85 MO : 6.59 6.60 6.59 6.60 MT : 6.94 7.88 6.25 7.00 10.60 11.90 7.29 8.40 NE : 8.82 8.85 8.82 8.85 ND : 8.20 9.21 7.41 8.00 13.00 14.50 7.60 8.50 OH : 7.69 7.75 7.69 7.75 OK : 8.47 8.81 8.47 8.81 OR : 8.31 9.76 8.23 9.75 8.69 9.80 SD : 7.22 7.86 6.85 7.50 7.58 8.20 TX : 8.23 8.90 8.23 8.90 WA : 8.53 9.82 8.46 9.80 8.84 9.90 : US : 7.74 8.55 7.66 8.33 11.60 13.40 7.46 8.38 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Prices Received for Selected Agricultural Commodities, by Month, United States, 2007 and 2008 1/ -------------------------------------------------------------------------------- : All Wheat : Corn : Soybeans :Beef Cattle 2/ : All Hogs Month :----------------------------------------------------------------------- : 2007 : 2008 : 2007 : 2008 : 2007 : 2008 : 2007 : 2008 : 2007 : 2008 -------------------------------------------------------------------------------- : ---------- Dollars per Bushel --------- ------- Dollars per ------- : ----------- Cwt ----------- : Jan : 4.53 8.55 3.05 4.28 6.37 11.00 84.30 89.40 42.70 36.50 Feb : 4.71 3.44 6.87 86.60 47.30 Mar : 4.75 3.43 6.95 92.00 45.00 Apr : 4.89 3.39 6.88 94.30 47.30 May : 4.88 3.49 7.12 93.20 53.00 Jun : 5.03 3.53 7.51 89.10 54.30 Jul : 5.17 3.32 7.56 89.20 52.20 Aug : 5.64 3.26 7.72 91.70 51.60 Sep : 6.75 3.29 8.18 92.90 46.60 Oct : 7.65 3.29 8.36 90.60 42.10 Nov : 7.36 3.43 9.41 89.70 38.20 Dec : 7.74 3.76 10.00 88.90 39.60 -------------------------------------------------------------------------------- 1/ Current month prices are mid-month; prices for previous months are for the entire month. 2/ Cows, steers and heifers. Grains: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- :All Barley 1/: Corn : Oats : Soybeans : Grain Sorghum Month :----------------------------------------------------------------------- :Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/:Jan 3/:Dec 2/ :Jan 3/ -------------------------------------------------------------------------------- :----------------- Dollars per Bushel ----------------- Dollars per Cwt : AL : AR : 9.37 11.00 4/ 4/ CA : 5/ 5/ 5/ CO : 3.43 4/ 3.60 4.30 ID : 4.41 4.31 IL : 3.73 4.20 5/ 5/ 10.10 11.00 7.29 8.40 IN : 4.03 4.50 10.30 11.80 IA : 3.74 4.35 3.16 2.90 10.30 11.40 KS : 3.99 4.53 3.17 3.14 10.30 11.40 6.83 8.24 KY : 4.07 4.50 10.30 11.70 LA : 8.82 9.21 MI : 3.81 4.50 3.13 3.40 9.21 10.60 MN : 3.69 3.90 3.44 3.95 2.56 2.70 9.60 10.20 MS : 8.53 10.00 MO : 3.93 4.60 10.20 11.30 7.18 8.40 MT : 5.01 4.50 5/ 5/ NE : 3.82 4.25 2.92 2.95 10.30 11.20 6.81 7.80 NY : 4/ 4/ NC : 4.25 4.90 9.99 11.60 ND : 4.27 5.25 3.47 4.05 2.25 4/ 9.83 10.90 OH : 3.84 4.48 4/ 5/ 9.95 11.00 OK : 6.85 8.17 OR : 6.39 6.10 5/ 5/ PA : 4.28 4.88 3.26 3.34 SD : 4/ 4/ 3.49 3.90 2.96 3.08 9.70 10.30 TN : 4.10 4.50 10.90 11.60 TX : 3.94 4.60 5/ 5/ 7.19 8.36 UT : 4.99 4/ WA : 5.40 6.08 WI : 3.65 4.40 2.81 2.80 10.30 11.30 WY : 4/ 4/ : US : 4.51 4.92 3.76 4.28 2.69 2.71 10.00 11.00 6.93 8.23 -------------------------------------------------------------------------------- 1/ The Three-State (MN, ND and SD) Feed Barley price in discontinued. 2/ Entire month. 3/ Mid-month. 4/ Price not published to avoid disclosure of individual firms. 5/ Insufficient sales to establish a price. Malting and Feed Barley: Prices Received Selected State, December 2007 and January 2008 -------------------------------------------------------------------------------- : Malting Barley : Feed Barley State :-------------------------------------------------------------- : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Bushel : ID : 4.20 4.20 4.91 4.75 MN : 3.58 3.80 4.61 4.75 MT : 5.15 4.13 4.73 5.21 ND : 4.16 5.30 4.46 5.15 SD : 4/ 4/ 3/ 3/ WY : 3/ 3/ 3/ 3/ -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Price not published to avoid disclosure of individual firms. 4/ Insufficient sales to establish a price. Field Crops: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : Dry Edible : All : : : : Beans : Sunflower : Canola : Flaxseed : Peanuts 4/ State :--------------------------------------------------------------------- :Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 2/:Dec 1/:Jan 3/ -------------------------------------------------------------------------------- :-------------- Dollars per ------------- Dollars per Dollars per :------------------ Cwt ----------------- -- Bushel -- --- Pound --- : AL : 0.193 0.217 CA :49.20 48.10 CO :30.40 27.60 FL : 0.197 5/ GA : 0.208 0.212 ID :29.00 30.00 KS : 18.80 20.80 MI :33.50 32.00 MN :26.90 32.00 19.00 20.70 5/ 6/ NE :29.90 30.70 NC : 0.195 5/ ND :22.80 25.00 19.20 20.70 17.90 20.00 13.00 13.90 SD : 19.50 21.50 6/ 6/ TX : 0.241 0.233 VA : 0.182 0.242 : US :27.00 28.40 19.20 20.90 17.70 20.00 13.00 13.90 0.213 0.220 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Based on sales through first half of month. 4/ In-Shell. 5/ Price not published to avoid disclosure of individual firms. 6/ Insufficient sales to establish a price. Field Crops and Apples: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : : January : Upland Cotton :-------------------------------------------------- State : : Cotton- : Hay, Baled 3/ : Apples :-------------------: seed :-----------------------------: Fresh : Dec 1/ : Jan 2/ : 5/ : All : Alfalfa : Other : Use 1/4/ -------------------------------------------------------------------------------- : Dollars per Pound ---------- Dollars per Ton --------- Dol/Lb : AL : 0.565 0.579 143.00 AZ : 0.587 6/ 206.00 159.00 160.00 146.00 AR : 0.553 0.553 7/ CA : 7/ 6/ 6/ 156.00 170.00 106.00 CO : 139.00 140.00 125.00 GA : 0.611 0.612 153.00 ID : 142.00 145.00 117.00 IL : 142.00 149.00 112.00 IA : 118.00 125.00 89.00 KS : 99.00 111.00 78.00 KY : 111.00 165.00 90.00 LA : 0.564 0.576 7/ MI : 141.00 145.00 130.00 0.295 MN : 115.00 119.00 92.00 MS : 0.556 0.556 7/ MO : 115.00 160.00 88.00 MT : 76.00 77.00 70.00 NE : 89.00 90.00 78.00 NV : 157.00 160.00 135.00 NM : 159.00 162.00 132.00 NY : 113.00 170.00 95.00 0.323 NC : 0.576 0.617 7/ ND : 57.00 61.00 44.00 OH : 151.00 173.00 128.00 0.475 OK : 107.00 134.00 71.00 OR : 156.00 153.00 162.00 PA : 181.00 211.00 176.00 0.303 SD : 101.00 104.00 85.00 TN : 0.544 0.555 TX : 0.607 0.626 159.00 137.00 165.00 125.00 UT : 143.00 145.00 120.00 VA : 0.340 WA : 151.00 150.00 155.00 0.367 WI : 97.00 100.00 70.00 WY : 103.00 103.00 105.00 : US : 0.592 0.614 171.00 129.00 135.00 118.00 0.356 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on sales during the first half of the month. 3/ Mid-month. 4/ Equivalent packinghouse-door returns for CA, MI, NY, and WA. Price at point of first sale for other States. 5/ Marketing year August - February. 6/ Price not published to avoid disclosure of individual firms. 7/ Insufficient sales to establish a price. Upland Cotton and Rice: Prices Received and Marketings, United States, January 2008, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Nov 2007 1/ : Dec 2007 1/ : Jan 2008 2/ -------------------------------------------------------------------------------- : : Upland Cotton : : Average Price : Dollars per Pound : 0.570 0.592 0.614 Marketings 3/ : 1,000 Bales : 1,464 1,529 NA : : Rice : : Average Price : Dollars per Cwt : 11.10 11.30 11.60 Marketings 4/ : 1,000 Cwt : 12,171 20,586 NA -------------------------------------------------------------------------------- 1/ Entire month. 2/ Based on purchases for the first half of the month. 3/ Marketings based on a survey of cotton buyers in the major producing States - AL, AZ, AR, CA, GA, LA, MS, NC, TN, and TX. 4/ Purchases by private firms and rice (rough equivalent) shipped by cooperatives. Citrus Fruit: Prices and Equivalent Returns, by Utilization, by State and United States, January 2008 -------------------------------------------------------------------------------- : : Equivalent Returns 1/ Commodity, :F.O.B. :----------------------------------------------------- State :Packed : Packinghouse-door : On-tree and Type : Fresh :----------------------------------------------------- : : All : Fresh :Process : All : Fresh :Process -------------------------------------------------------------------------------- : Dollars per Box : Grapefruit : AZ : 17.60 8.18 8.18 5.20 5.20 CA : 19.80 9.41 10.38 -0.31 6.43 7.40 -3.29 FL : 22.80 8.33 14.31 2.16 5.88 12.17 -0.62 White : 20.00 5.34 11.25 2.00 3.05 9.15 -0.40 Colored : 23.50 9.55 15.10 2.25 7.04 12.95 -0.75 TX : 17.80 4.53 6.99 0.65 3.30 5.74 -0.55 : US : 21.30 7.50 12.16 1.84 5.31 10.19 -0.63 : Lemons : AZ : 60.70 33.47 50.43 -0.44 27.94 44.90 -5.97 CA : 61.50 45.29 51.23 -0.44 39.76 45.70 -5.97 : US : 61.30 42.26 51.07 -0.44 36.73 45.54 -5.97 : Oranges : AZ : Navel and Misc: 18.10 7.46 10.03 1.46 4.91 7.48 -1.09 CA : Navel and Misc: 19.50 10.03 11.43 1.46 7.48 8.88 -1.09 FL : Early and Mids: 19.20 8.15 10.20 8.10 5.50 7.40 5.45 TX : Early and Mids: 9.70 -0.09 -1.22 2.40 -1.53 -2.68 0.98 : US : 19.00 8.40 10.74 7.87 5.77 8.21 5.22 : Tangelos : FL : 12.00 4.30 2.70 4.80 0.96 -0.45 1.40 : Tangerines : AZ : 38.30 21.72 28.88 0.24 18.42 25.58 -3.06 CA : 37.80 23.92 28.38 0.24 20.62 25.08 -3.06 FL : 32.50 15.24 21.00 4.30 11.57 17.50 0.30 : US : 35.80 19.94 25.59 2.73 16.47 22.22 -1.00 -------------------------------------------------------------------------------- 1/ Net lbs. per box: Grapefruit - AZ & CA-67, FL-85, TX-80; Lemons - 76; Oranges - AZ & CA-75, FL-90, TX-85; Tangelos - 90; Tangerines - AZ & CA-75, FL-95. Potatoes: Prices Received, by State, December 2007 and January 2008 1/ ------------------------------------------------------------------------------- : : :: : : State : Dec : Jan :: State : Dec : Jan : : :: : : ------------------------------------------------------------------------------- : Dollars per Cwt :: : Dollars per Cwt : :: : AL : :: : AZ : :: NC : CA - All 2/ : 8.25 8.55 :: ND - All 2/ : 7.05 6.70 - Winter : 12.30 12.30 :: - Fresh 3/ : 8.40 NA - Spring : :: - Processing : 6.50 NA - Summer : :: OR : 8.20 8.30 - Fall : 7.80 8.00 :: TX : CO - All 2/ : 8.35 8.75 :: VA : - Fresh 3/ : 9.05 NA :: WA - All 2/ : 7.40 7.50 FL : :: - Processing : 6.15 NA ID - All 2/ : 5.50 5.55 :: WI - All 2/ : 7.90 7.75 - Fresh 3/ : 6.20 NA :: - Fresh 3/ : 8.25 NA - Processing : 5.20 NA :: - Processing : 7.20 NA ME : 7.35 7.50 :: : MI : 8.45 8.75 :: US - All 2/ : 7.09 7.11 MN : 6.50 6.30 :: - Fresh 3/ : 8.72 NA NY : 12.00 12.10 :: - Processing : 6.07 NA ------------------------------------------------------------------------------- 1/ Missing data indicates no potatoes being marketed. 2/ Average price of potatoes sold for all uses, including table stocks, processing, seed and livestock feed. 3/ Fresh market prices only, includes table stock prices. Cattle: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : Cows 1/ :Steers & Heifers : Beef Cattle 4/ : Calves State :----------------------------------------------------------------------- : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ : Dec 2/ : Jan 3/ -------------------------------------------------------------------------------- : Dollars per Cwt : AZ : 47.00 48.00 97.00 96.00 77.00 76.80 112.00 110.00 AR : 43.50 46.00 97.80 93.50 81.50 79.30 111.00 106.00 CA : 40.20 41.80 95.10 96.00 70.90 71.60 109.00 110.00 CO : 45.20 46.80 106.00 100.00 105.00 98.90 117.00 116.00 FL : 46.50 48.40 88.30 87.50 69.50 69.40 105.00 104.00 GA : 45.00 46.20 88.00 85.00 59.60 59.00 106.00 102.00 ID : 41.90 41.60 93.60 92.80 79.10 79.00 107.00 102.00 IL : 45.50 46.00 92.00 93.50 91.10 92.60 104.00 96.00 IA : 47.20 47.50 91.00 91.00 90.10 90.10 110.00 103.00 KS : 46.00 46.00 94.20 94.50 92.80 92.60 119.00 116.00 KY : 42.00 42.00 93.00 85.00 80.80 74.70 102.00 96.00 LA : 44.30 46.00 92.70 86.00 59.80 58.00 106.00 100.00 MI : 47.00 49.00 87.00 88.00 75.00 76.30 112.00 103.00 MN : 47.10 50.40 88.70 90.90 79.50 81.90 118.00 114.00 MO : 44.30 44.30 99.40 94.10 87.80 79.20 113.00 106.00 MT : 42.70 45.20 108.00 100.00 88.40 87.40 121.00 115.00 NE : 47.90 48.90 96.50 96.80 95.00 95.40 123.00 120.00 NM : 44.00 45.00 101.00 101.00 76.50 76.90 115.00 114.00 ND : 43.50 45.00 101.00 99.00 87.20 92.00 116.00 112.00 OH : 43.00 44.00 87.30 87.00 82.90 82.70 98.00 94.00 OK : 45.20 45.30 104.00 96.40 97.50 90.80 118.00 109.00 OR : 44.00 43.50 92.00 91.60 77.60 77.20 101.00 105.00 PA : 46.40 46.50 84.50 84.50 74.60 74.60 118.00 117.00 SD : 43.60 44.70 102.00 97.10 86.80 88.20 118.00 114.00 TN : 43.00 43.00 91.00 85.00 71.80 68.20 102.00 97.00 TX : 42.80 44.70 95.20 94.80 90.00 90.30 114.00 112.00 VA : 41.70 43.10 87.00 83.00 67.50 65.80 103.00 99.00 WI : 46.00 46.00 85.00 86.80 62.40 63.10 157.00 155.00 WY : 44.10 41.50 108.00 103.00 81.80 90.70 123.00 122.00 : US : 44.90 46.20 95.10 95.20 88.90 89.40 118.00 116.00 -------------------------------------------------------------------------------- 1/ Beef cows and cull dairy cows sold for slaughter. 2/ Entire month. 3/ Mid-month. 4/ "Cows" and "steers and heifers" combined. Hogs: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : Sows : Barrows and Gilts : All Hogs :----------------------------------------------------------------------- State : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ : Dec 1/ : Jan 2/ -------------------------------------------------------------------------------- : Dollars per Cwt : AR : 20.50 21.00 37.20 34.50 35.50 33.20 IL : 19.00 18.00 42.50 40.00 40.60 38.20 IN : 25.50 24.60 42.90 39.70 41.20 38.20 IA : 20.00 19.00 42.00 39.00 41.80 38.60 KS : 20.10 20.50 34.50 30.70 32.60 29.40 MN : 21.60 22.50 40.80 38.20 40.70 38.10 MO : 17.80 16.80 33.80 30.50 32.80 29.50 NE : 22.50 23.40 41.50 39.20 41.10 38.90 NC : 20.90 19.10 40.40 36.80 40.20 36.60 OH : 21.30 20.00 38.30 34.00 37.60 33.40 OK : 18.80 19.00 33.30 30.30 31.10 28.60 PA : 22.00 21.00 35.10 30.80 33.10 29.30 SD : 21.80 22.50 40.50 36.80 38.40 34.90 : US : 21.00 20.30 40.40 37.30 39.60 36.50 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. Sheep and Poultry: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : December : January State :----------------------------------------------------------------------- : Sheep 1/ : Lambs 1/ : Eggs 2/ 3/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ------ Dollars per Dozen : AL : 1.320 AR : 1.240 CA : 35.00 89.00 1.200 CO : 30.00 100.00 CT : 1.150 FL : 1.340 GA : 1.350 ID : 23.00 97.00 IN : 1.210 IA : 35.00 93.00 1.170 KY : 37.00 97.00 ME : 1.510 MI : 1.170 MN : 28.20 97.30 1.270 MS : 1.250 MO : 34.80 94.50 1.170 MT : 22.80 104.00 NE : 33.70 91.80 NY : 1.280 NC : 1.190 ND : 28.00 96.00 OH : 32.00 99.20 1.220 OR : 39.00 99.00 PA : 42.50 116.00 1.060 SC : 1.080 SD : 23.90 110.00 TX : 33.00 110.00 1.200 VA : 41.00 105.00 WA : 1.260 WV : 32.00 108.00 WY : 27.00 100.00 : US : 29.70 98.50 1.200 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Mid-month. 3/ Market (table) eggs. Milk and Milk Cows: Prices Received, by State, December 2007 and January 2008 -------------------------------------------------------------------------------- : December 1/ : January :------------------------------------------------------------------------ State : Fluid Grade : Manufacturing : All Milk : All Milk : : Milk 2/ : Grade Milk : 3/ : 3/ 4/ : Milk :---------------------------------------------------------------:Cows 5/ : : Fat : : Fat : : Fat : : Fat : : Price : Test : Price : Test : Price : Test : Price : Test : -------------------------------------------------------------------------------- :Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Head : AZ : 21.20 3.71 21.20 3.71 20.90 3.68 2,150 CA : 20.00 3.77 20.80 4.30 20.02 3.79 18.70 3.79 1,800 CO : 21.30 3.65 21.30 3.65 21.00 3.65 2,100 FL : 24.10 3.66 24.10 3.66 25.00 3.64 2,200 ID : 20.20 3.72 20.20 3.72 19.50 3.69 2,000 IL : 22.80 3.95 22.00 3.80 22.80 3.95 22.00 3.95 1,980 IN : 22.60 3.82 20.00 4.00 22.60 3.82 21.30 3.75 2,040 IA : 21.50 3.83 20.50 4.02 21.50 3.83 20.50 3.75 1,950 KS : 22.30 3.86 22.30 3.86 22.00 3.80 1,900 KY : 22.40 3.81 22.40 3.81 23.00 3.71 1,820 MI : 21.90 3.76 21.90 3.76 21.80 3.78 2,200 MN : 22.10 3.85 21.00 3.91 22.10 3.85 21.60 3.81 1,900 MO : 21.80 3.80 20.10 4.03 21.70 3.81 21.50 3.79 1,760 NM : 20.90 3.76 20.90 3.76 21.30 3.70 1,940 NY : 22.30 3.84 22.30 3.84 21.60 3.80 1,800 OH : 22.10 3.84 19.20 4.02 22.00 3.85 21.10 3.81 1,930 OR : 19.70 3.80 19.70 3.80 19.10 3.78 2,150 PA : 23.20 3.90 23.20 3.90 22.50 3.80 2,100 TX : 21.90 3.89 21.90 3.89 21.80 3.86 2,100 VT : 23.00 3.87 23.00 3.87 22.40 3.85 2,100 VA : 23.80 3.80 23.80 3.80 24.00 3.75 2,040 WA : 21.30 3.80 21.30 3.80 21.00 3.78 2,200 WI : 22.10 3.82 21.20 4.03 22.10 3.83 21.10 3.80 2,020 : US : 21.50 3.80 20.80 4.14 21.50 3.81 20.70 3.78 1,960 -------------------------------------------------------------------------------- 1/ Entire month. 2/ Including milk diverted to manufacturing. 3/ Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 4/ Preliminary. 5/ Animals sold for dairy herd replacement only. Prices published January, April, July and October. Parity Price Equivalent for Manufacturing Milk 1/: United States, December 2007 and January 2008, with Comparisons -------------------------------------------------------------------------------- Item : Unit : Jan 2007 : Dec 2007 : Jan 2008 -------------------------------------------------------------------------------- Parity Equivalent : Dollars per Cwt : 35.70 37.90 40.40 Average Price F.O.B 2/ : Dollars per Cwt : 13.90 20.80 20.10 Average Fat Test of Milk 2/ : Percent : 4.08 4.14 4.08 -------------------------------------------------------------------------------- 1/ The parity price equivalent during 2008 is 92.4 percent of the parity price of all milk sold to plants, compared with 92.1 percent in 2007. For additional details, see January 2008 issue of "Agricultural Prices". 2/ Beginning in August 2007, Parity Price for Manufacturing Grade Milk is computed using the same methodology as Parity Prices for other commodities. Parity Prices for Farm Products and Average Prices Received as Percent of Parity Prices, United States, with Comparisons 1/ -------------------------------------------------------------------------------- : : Parity Price : Price as Percent :Adjusted: : of Parity Commodity and Unit : Base :----------------------------------------- : Price : Jan : Dec : Jan : Jan : Dec : Jan : : 2007 : 2007 : 2008 : 2007 : 2007 : 2008 -------------------------------------------------------------------------------- : ---------- Dollars --------- ---- Percent --- : Basic Commodities : All Wheat, Bu : 0.533 10.50 11.20 12.00 43 69 71 Rice, Cwt : 1.29 28.30 30.30 28.90 37 37 40 Corn, Bu : 0.337 7.76 8.31 7.56 39 45 57 Cotton, Lb : American Upland : 0.092 1.98 2.12 2.06 25 28 30 Extra Long Staple : 0.137 2.87 3.07 3.07 Peanuts, Lb : 0.035 0.627 0.671 0.785 28 32 28 : Designated Nonbasic : All Milk, Sold to : Plants, Per Cwt 2/ : 1.95 38.80 41.50 43.80 37 50 47 Honey, Extracted, Lb 3/ : 12.200 2.49 2.66 274.00 : Wool and Mohair : Wool, Lb : 0.080 1.66 1.77 1.80 Mohair, Lb : 0.371 7.26 7.77 8.33 : Other Nonbasic : Barley, Bu : 0.368 7.32 7.83 8.26 41 58 60 Canola, Cwt : 1.530 27.70 29.60 34.30 60 58 Cottonseed, Ton : 14.40 299.00 320.00 323.00 40 53 53 Dry Edible Beans, Cwt : 2.71 55.00 58.80 60.80 41 46 47 Flaxseed, Bu : 0.901 17.00 18.20 20.20 35 71 69 Mustard Seed, Cwt : 2.00 38.80 41.50 44.90 Oats, Bu : 0.219 4.35 4.65 4.91 51 58 55 Potatoes, Cwt : 0.827 16.50 17.70 18.60 43 40 38 Rapeseed, Cwt : 1.73 32.10 34.40 38.80 Rye, Bu : 0.420 8.37 8.95 9.42 Safflower, Cwt : 1.88 37.30 39.80 42.20 Sorghum Grain, Cwt : 0.601 13.30 14.20 13.50 47 49 61 Soybeans, Bu : 0.832 17.20 18.40 18.70 37 54 59 All Sunflower, Cwt : 1.68 33.50 35.90 37.70 41 53 55 Sweetpotatoes, Cwt : 2.34 46.70 50.00 52.50 Apples, Fresh, Lb 4/ : 0.032 0.609 0.651 0.718 49 53 50 Citrus (equiv on-tree), Box : Grapefruit : 0.631 12.60 13.50 14.20 45 38 37 Lemons : 1.22 23.10 24.70 27.40 50 124 134 Oranges : 0.651 12.10 12.90 14.60 68 44 40 Tangerines : 1.37 27.30 29.20 30.70 51 50 54 Beef Cattle, Cwt : 10.20 205.00 220.00 229.00 41 40 39 Calves, Cwt : 14.80 295.00 316.00 332.00 39 37 35 Hogs, Cwt : 5.58 118.00 126.00 125.00 36 31 29 Lambs, Cwt : 11.60 241.00 257.00 260.00 40 38 Sheep, Cwt : 4.67 99.10 106.00 105.00 37 28 Eggs, Doz 2/ : 0.089 1.78 1.90 2.00 44 59 56 Turkeys, Live, Lb : 0.056 1.140 1.210 1.260 36 43 36 -------------------------------------------------------------------------------- 1/ Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January "Agricultural Prices" for details on adjusted base price and parity price computations. 2/ Seasonally adjusted price as percentage of parity price. 3/ Wholesale extracted. Adjusted base price derived from state annual averages prices weighted by production. For 1982 through 1985 the national averages are the support prices. 4/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. Parity Prices for Farm Products, January 2008, United States 1/ ------------------------------------------------------------------------------- Other Nonbasic :Adjusted:Parity :: Other Nonbasic :Adjusted:Parity Commodities : Base : Price :: Commodities : Base : Price : Price : :: : Price : ------------------------------------------------------------------------------- :Dollars Dollars:: :Dollars Dollars : :: : Field Crops and : :: Papayas (HI) : 0.047 1.050 Misc Commodities : :: Peaches : Hops, Lb : 0.263 5.90 :: Fresh, Ton 2/ : 84.60 1,900.00 Spearmint Oil, Lb : 1.37 30.70 :: Dried, CA, : Tobacco, Lb : :: Ton : 74.20 1,670.00 Flue-Cured, 11-14 : 0.231 5.18 :: Processing 3/ : Fire-Cured, 21-23 : 0.311 6.98 :: Excl Dried : Burley, 31 : 0.248 5.57 :: Clingstone, : Maryland, 32 : 0.191 4.29 :: CA, Ton : 33.70 756.00 Dark Air-Cured, : :: Pears, Ton : 35-37 : 0.278 6.24 :: Fresh 2/ : 54.50 1,220.00 PA Seedleaf, 41 : 0.196 4.40 :: Dried, CA 4/ : 177.00 3,970.00 Cigar Binder, 51 : 0.72 16.10 :: Plums, CA, Ton : Type 61 : 3.13 70.20 :: Fresh, Equiv : : :: on-Tree : 66.20 1,490.00 : :: Prunes, Dried, : Noncitrus Fruit : :: CA, Ton 4/ : 141.00 3,160.00 Apples, Ton 4/ : :: Prunes and Plums, : Processing : 15.70 352.00 :: Excl CA, Ton : Apricots, Ton : :: Fresh 7/ : 63.10 1,420.00 Fresh 5/ :105.00 2,360.00 :: Processing 4/ : Dried, CA :252.00 5,650.00 :: Excl Dried : 28.60 642.00 Avocados, Ton 5/ :227.00 5,090.00 :: : Cherries : :: Tree Nuts 8/ : Sweet, Ton :197.00 4,420.00 :: Almonds, Lb : 0.209 4.69 Tart, Lb : 0.035 0.785:: Hazelnuts, Ton : 162.00 3,640.00 Cranberry, Bbl 3/ : 4.20 94.20 :: Pistachio, Lb : 0.179 4.02 Dates, CA, Ton 5/ :185.00 4,150.00 :: Walnuts, Ton : 169.00 3,790.00 Grapes, Ton : :: : Raisin Variety :119.00 2,670.00 :: Vegetables, Cwt 9/ : Other Dried : 70.90 1,590.00 :: Fresh : Kiwifruit, Ton : 93.80 2,100.00 :: Carrots 6/ : 2.44 54.80 Nectarines : :: Cauliflower 6/ : 4.32 96.90 Fresh, CA, Ton 5/: 58.50 1,310.00 :: Celery 6/ : 2.04 45.80 Noncitrus Fruit, : :: Honeydew Melons : 2.58 57.90 Continued : :: Lettuce : 2.35 52.70 Olives, CA : :: Onions 6/ : 1.60 35.90 canning, Ton 3/ : 90.70 2,040.00 :: Tomatoes : 4.68 105.00 ------------------------------------------------------------------------------- 1/ Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January "Agricultural Prices" for details on adjusted base price and parity price computations. 2/ Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale for other states. 3/ Equivalent returns for bulk fruit at first delivery point. 4/ Equivalent returns at processing plant door. 5/ Equivalent returns at packinghouse door. 6/ Includes some processing. 7/ Based on "as sold" prices for fresh fruit in all states. 8/ Prices in-shell basis except almonds which are shelled basis. 9/ F.O.B. shipping point prices. Marketing Year for Specified Commodities Rice: August 1 to July 31 for U.S.; July 1 to June 30 for Louisiana and Texas; August 1 to July 31 for Arkansas and Mississippi; October 1 to September 30 for California; September 1 to August 31 for Missouri. Sweet Potatoes: July - June for U.S.; July 1 to June 30 for Alabama and California; July 1 to May 31 for Georgia, Louisiana, North Carolina and Texas; August 1 to May 31 for South Carolina, and Virginia; and August 1 to July 31 for New Jersey. Sweet Potatoes: Marketing Year Average Prices Received, by State and United States, 2005-2007 ------------------------------------------------------------------------------- State : 2005 : 2006 : 2007 1/ ------------------------------------------------------------------------------- : Dollars per Cwt : AL : 21.40 25.70 31.90 CA : 25.30 20.10 19.00 LA : 16.20 17.30 20.30 MS : 18.30 19.80 19.30 NJ : 26.80 27.70 28.10 NC : 14.20 16.20 20.90 SC : 17.30 18.30 17.40 TX : 20.50 22.70 21.10 VA : 11.40 11.60 12.50 : US : 18.10 18.20 20.30 ------------------------------------------------------------------------------- 1/ Preliminary. Rice: Marketing Year Average Prices Received, by State and United States, 2005 and 2006 -------------------------------------------------------------------------------- State : 2005 : 2006 -------------------------------------------------------------------------------- : : All : : Dollars per Cwt : AR : 7.27 9.43 CA : 10.10 13.00 LA : 7.47 9.83 MS : 7.36 9.38 MO : 6.87 9.38 TX : 7.77 10.00 : US 1/ : 7.65 9.96 : : Length of Grain : US: : Long : 7.30 9.47 Medium &: Short : 9.49 12.10 -------------------------------------------------------------------------------- 1/ Based on state prices weighted by marketings for August through July. All Rice: Monthly Prices Received, Marketing Year Average Prices and Monthly Farm Marketings, United States, 2005-2006 through 2007-2008 1/ -------------------------------------------------------------------------------- : Prices Received : Farm Marketings 2/ Month :-----------------------------------:----------------------------------- :2005-2006 :2006-2007 :2007-2008 4/ :2005-2006 :2006-2007 :2007-2008 4/ -------------------------------------------------------------------------------- : ------ Dollars per Cwt ----- ---------- 1,000 Cwt --------- : Aug : 6.59 8.89 10.10 14,130 12,845 9,885 Sep : 6.77 9.04 10.30 14,753 10,212 14,983 Oct : 7.02 9.86 10.60 15,023 13,237 16,629 Nov : 7.56 10.20 11.10 14,596 11,790 12,171 Dec : 7.54 10.40 11.30 16,242 13,083 20,586 Jan 3/ : 7.80 10.40 21,076 18,199 Feb : 8.02 10.10 17,666 12,502 Mar : 8.05 10.00 18,304 13,604 Apr : 8.16 10.20 13,414 11,540 May : 8.03 10.00 12,975 11,979 Jun : 8.11 10.00 13,224 9,977 Jul : 8.18 10.10 11,834 10,156 : MYA : 7.65 9.96 183,237 149,124 -------------------------------------------------------------------------------- 1/ Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of August - July. 2/ Purchases from producers as reported by private firms and rice (rough equivalent) shipped from producers as reported by cooperative mills. 3/ Second year. 4/ Prices and marketings include late reports and revised data for August 2007 - November 2007. Final monthly prices and marketings and MYA prices will be published in the January 2009 "Agricultural Prices" report. Parity Prices Parity prices based on data for January 2008 and adjusted base price data from which parity prices are computed, are presented in the table on pages 32 through 35. Annual average prices for 1997 through 2006 for use in parity computations, and ten-year averages for 1997-2006 and 1998-2007 are shown on pages 38 through 47. Parity Prices shown on the following pages are computed under the provisions of Title III. Subtitle A, Section 301(a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, 1954, and 1956. The major provisions of the amended Act relating to the calculation of parity prices are as follows: "(1) (A) The 'parity price' for any agricultural commodity, as of any date, shall be determined by multiplying the adjusted base price of such commodity as of such date by the parity index as of such date. "(B) The 'adjusted base price' of any agricultural commodity, as of any date, shall be (i) the average of the prices received by farmers for such commodity, at such time as the Secretary may select during each year of the ten-year period ending on the 31st of December last before such date, or during each marketing season beginning in such period if the Secretary determines use of a calendar year basis to be impracticable, divided by (ii) the ratio of the general level of prices received by farmers for agricultural commodities during the period January 1910 to December 1914, inclusive. "(C) The 'parity index', as of any date, shall be the ratio of (i) the general level of prices for articles and services that farmers buy, wages paid hired farm labor, interest on farm indebtedness secured by farm real estate, and taxes on farm real estate, for the calendar month ending last before such date to (ii) the general level of such prices, wages, rates, and taxes during the period January 1910 to December 1914, inclusive. "(D) The prices and indexes provided for herein, and the data used in computing them, shall be determined by the Secretary, whose determination shall be final." Section 301(a) (1) (F) outlines authority for the Secretary of Agriculture to make special adjustments in the method of computing parity prices for particular commodities if the method outlined in the Act results in parity prices seriously out of line with those of other commodities. The parity prices shown in this report are based on the provisions of the amended Act. Briefly, the actual method of computation is as follows: a. The average of prices received by farmers for individual commodities for the 10 preceding years is calculated (for 2008 this is the 1998-2007 average). An allowance for unredeemed loans and other supplemental payments resulting from price support programs, such as the deficiency payments for grains and cotton, is included for those commodities for which applicable. b. This 10-year average is divided by the average of the Index of Prices Received by Farmers for the same 10 preceding calendar years, adjusted to include an allowance for unredeemed loans and other supplemental price support operations, to give an "adjusted base price". c. Parity prices are computed by multiplying the "adjusted base prices" by the current Parity Index (the Index of Prices Paid by Farmers, including Interest, Taxes, and Wage Rates, 1910-14=100). Parity prices are calculated in terms of prices received by farmers in the local markets in which they ordinarily sell. This means that the parity prices apply to the average of all classes and grades of the commodity as sold by all farmers in the United States, except as otherwise specified. Fruits and vegetables for fresh use and for processing are usually considered separate commodities and separate parity prices are calculated. The Agricultural Marketing Agreement Act of 1937 provided for parity prices for certain commodities covered by a marketing agreement or order program. Under present legislation, U.S. parity prices, with appropriate adjustments where needed, may be used for the purpose of this Act. The indexes used in the computation of parity prices are published currently in "Agricultural Prices". For the purpose of illustrating the computation of parity prices, the calculation of the parity price for corn based on data for January 2008 is given below. The 120-month, January 1998-December 2007 average of prices received by farmers for corn was $2.51 per bushel, adjusted to allow for unredeemed loans and other supplemental payments resulting from price support operations. The 120-month average of the Index of Prices Received by Farmers, adjusted to include an allowance for unredeemed loans, etc., was 745 (1910-14=100). Dividing $2.51 by 7.45 gives $0.337 per bushel, the adjusted base price which is multiplied by 2244 percent, the Parity Index (1910-14=100), based on data for January 2008. This gives $7.56 per bushel, the parity price of corn during January 2008. Average Base Period Prices Received by Farmers, US, 1910-14 ----------------------------------------------------------------------------- : Price : Average :: : Price : Average Commodity : Per : Jan 1910- :: Commodity : Per : Jan 1910- : Unit : Dec 1914 :: : Unit : Dec 1914 ----------------------------------------------------------------------------- : : :: : : All Wheat :Dol/Bu : 0.880 :: Sweet Potatoes :Dol/Cwt: 1.61 Rice Rough :Dol/Cwt: 1.81 :: Dry Edible Beans :Dol/Cwt: 3.39 Corn :Dol/Bu : 0.649 :: All Beef Cattle :Dol/Cwt: 5.52 Oats :Dol/Bu : 0.399 :: Calves :Dol/Cwt: 6.84 All Barley :Dol/Bu : 0.617 :: All Hogs :Dol/Cwt: 7.29 All Hay, Baled :Dol/Ton: 11.90 :: Lambs :Dol/Cwt: 5.96 Cotton : Ct/Lb : 11.92 :: Sheep :Dol/Cwt: 4.59 Peanuts : Ct/Lb : 4.83 :: All Milk :Dol/Cwt: 1.61 Cottonseed :Dol/Ton: 21.80 :: All Eggs :Ct/Doz : 21.6 Flaxseed :Dol/Bu : 1.68 :: Turkeys, Live : Ct/Lb : 14.3 Potatoes :Dol/Cwt: 1.13 :: Wool : Ct/Lb : 17.8 ----------------------------------------------------------------------------- The Parity Ratio The parity ratio (the Index of Prices Received by Farmers for the products they sell divided by the Parity Index (1910-14=100) provides an indication of the per unit purchasing power of farm commodities generally in terms of the goods and services currently bought by farmers, in relation to purchasing power of farm products in the 1910-14 base period. Thus, a Parity Ratio less than 100 indicates that the average per unit purchasing power of all farm products is lower than during the 1910-14 period. The parity ratio is a measure of price relationships; not a measure of farm income, farmers' total purchasing power, or farmers' welfare. The latter depends upon a number of factors other than price relationships, such as changes in production efficiency and technology, quantities of farm products sold, and supplementary income, including that from off-farm jobs and federal programs. An adjusted parity ratio is computed and published which incorporates supplementary income for federal farm programs. A "preliminary adjusted parity ratio reflecting government payments" based on the forecast of direct government payments for the year is published each quarter in "Agricultural Prices". Adjusted Base Prices and United States Parity Prices Based on Data for January, 2008 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2008 2/ -------------------------------------------------------------------------------- : Dollars : Basic Commodities : All Wheat, Bu 3/ : 0.533 12.00 Rice, Cwt 3/ : 1.29 28.90 Corn, Bu 3/ : 0.337 7.56 Cotton, Lb : American Upland 3/ : 0.092 2.06 Extra Long Staple : 0.137 3.07 Peanuts, Lb : 0.035 0.785 Tobacco, Lb : Flue-Cured, Types 11-14 : 0.231 5.18 Fire-Cured, Types 21-23 : 0.311 6.98 Burley, Type 31 : 0.248 5.57 Maryland, Type 32 : 0.191 4.29 Dark Air-Cured, Types 35-37 : 0.278 6.24 PA SeedLeaf, Type 41 : 0.196 4.40 Cigar Binder, Types 51 : 0.718 16.10 : Designated Nonbasic Commodities : Soybeans, Bu 3/ : 0.832 18.70 All Milk Sold to Plants, Cwt : 1.95 43.80 Honey, Wholesale, Lb Extracted : 0.122 2.74 : Wool and Mohair : Wool, Lb 3/ : 0.080 1.80 Mohair, Lb : 0.371 8.33 : Other Nonbasic Commodities : Field Crops and Misc : All Barley, Bu 3/ : 0.368 8.26 Canola, Cwt : 1.53 34.30 Cottonseed, Ton : 14.40 323.00 All Dry Edible Beans, Cwt : 2.71 60.80 Flaxseed, Bu : 0.901 20.20 All Hay, Baled, Ton : 12.70 285.00 Hops, Lb : 0.263 5.90 Mustard Seed, Cwt : 2.00 44.90 Oats, Bu 3/ : 0.219 4.91 Peppermint Oil, Lb 3/ : 1.60 35.90 All Potatoes, Cwt : 0.827 18.60 Rapeseed, Cwt : 1.73 38.80 Rye, Bu : 0.420 9.42 Safflower, Cwt : 1.88 42.20 Sorghum Grain, Cwt 3/ : 0.601 13.50 Spearmint Oil, Lb : 1.37 30.70 All Sunflower, Cwt : 1.68 37.70 Sweet Potatoes, Cwt : 2.34 52.50 Tobacco, Cigar Wrapper Type 61, Lb : 3.13 70.20 -------------------------------------------------------------------------------- Adjusted Base Prices and United States Parity Prices Based on Data for January, 2008 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2008 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Citrus (Equiv On-Tree) Box : Grapefruit 13/ : 0.631 14.20 Lemons 13/ : 1.22 27.40 Oranges 13/ : 0.651 14.60 Tangerines 13/ : 1.37 30.70 : Fruit, Deciduous and Other : Apples : Fresh, Lb 4/ : 0.032 0.718 Processing, Ton 13/ : 15.70 352.00 Apricots, Ton : Fresh : 105.00 2,360.00 Processing : Dried (CA) : 252.00 5,650.00 Excl Dried : 37.70 846.00 Avocados, Ton 13/ : 227.00 5,090.00 Cherries : Sweet, Ton : 197.00 4,420.00 Tart, Lb 13/ : 0.035 0.785 Cranberries, Bbl 13/ : Dates (CA), Ton 5/ : 185.00 4,150.00 Grapes, Ton : Raisin Varieties Dried (CA) : 119.00 2,670.00 Excl Raisin Varieties Dried : 70.90 1,590.00 Kiwifruit, Ton 13/ : 93.80 2,100.00 Nectarines (CA), Ton : Fresh 5/ : 58.50 1,310.00 Processing 6/ : 4.13 92.70 Olives (CA), Ton 7/ : Processing : Crushed for oil : 45.10 1,010.00 Excl crushed : 79.20 1,780.00 Canning : 90.70 2,040.00 Papayas (HI), Fresh, Lb : Peaches : Fresh, Ton 4/ 7/ : 84.60 1,900.00 Processing : Dried (CA), Ton 6/ : 74.20 1,670.00 Excluding Dried, Ton : Clingstone (CA), Ton 7/ : 33.70 756.00 Freestone, Ton 6/ : 27.50 617.00 Pears : Fresh, Ton 4/ : 54.50 1,220.00 Processing, Ton 6/ : Dried (CA) : 177.00 3,970.00 Excluding Dried : 26.30 590.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2008 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2008 2/ -------------------------------------------------------------------------------- : Dollars : Fruit, Deciduous and Other, Cont : Plums (CA) Equiv On-Tree : Fresh, Ton 8/ : 66.20 1,490.00 Processing, Ton : 10.50 236.00 Prunes, Dried (CA), Ton 13/ : 141.00 3,160.00 Prunes & Plums (EX CA), Ton : Fresh 8/ : 63.10 1,420.00 Processing 6/ : 28.60 642.00 Strawberries, Lb : Fresh 6/ : 9.730 218.00 Processing : 3.910 87.700 Sugar Crops, Ton : Sugarbeets 10/ 13/ : 5.23 117.00 Sugarcane 10/ 13/ : 3.75 84.20 : Tree Nuts 11/ : Almonds, Lb : 0.209 4.69 Hazelnuts, Ton : 162.00 3,640.00 Pecans, All, Ton : 308.00 6,920.00 Pistachio, All, Lb : 0.179 4.02 Walnuts, Ton 13/ : 169.00 3,790.00 : Vegetables, Fresh, Cwt 9/ : Asparagus : 14.50 325.00 Broccoli 12/ : 4.15 93.10 Carrots 12/ : 2.44 54.80 Cauliflower 12/ : 4.32 96.90 Celery 12/ : 2.04 45.80 Honeydew Melons : 2.58 57.90 Lettuce : 2.35 52.70 Onions 12/ : 1.60 35.90 Sweet Corn : 2.64 59.20 Tomatoes : 4.68 105.00 : Vegetables, Processing, Ton 6/ : Asparagus : 154.00 3,460.00 Green Peas : 34.80 781.00 Snap Beans : 21.60 485.00 Sweet Corn : 9.64 216.00 Tomatoes : 8.44 189.00 : Livestock and Products : Beef Cattle, Cwt : 10.20 229.00 Calves, Cwt : 14.80 332.00 Eggs, Doz : 0.089 2.00 Hogs, Cwt : 5.58 125.00 Lambs, Cwt : 11.60 260.00 Sheep, Cwt : 4.67 105.00 Turkeys, Lb : 0.056 1.26 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Prices and United States Parity Prices Based on Data for January, 2008 -------------------------------------------------------------------------------- : Adjusted : Parity Price Commodity and Unit : Base : Based on : Price : data for : 1/ : Jan 2008 2/ -------------------------------------------------------------------------------- : Dollars : Discontinued Nonbasic Commodities 14/ : Field Crops and Misc : Crude Pine Gum, Bbl : 13.90 312.00 Dry Field Peas, Cwt : 1.89 42.40 Popcorn, Cwt : 1.81 40.60 Tobacco, Lb : VA Fire-Cured, Type 21 : 0.254 5.70 KY-TN Fire-Cured, : Types 22-23 : 0.32 7.16 Dark Air-Cured, Types 35-36 : 0.282 6.33 Sun-Cured, Type 37 : 0.235 5.27 Cigar Filler & Binder : Types 42-44, 54-55 : 0.222 4.98 Puerto Rican Filler, Type 46, Lb : 0.155 3.48 Tobacco, Type 62, Lb 15/ : 3.300 74.10 : Fruit, Citrus (Equiv On-Tree) Box : Temples : 0.37 8.35 : Fruit, Deciduous and Other : Berries, Processing, Lb : Blackberries : 0.620 13.90 Black Raspberries : 0.106 2.38 Boysenberries/Youngberries : 0.088 1.97 Gooseberries : 0.037 0.830 Loganberries : 0.060 1.35 Red Raspberries : 0.084 1.88 : Seed Crops, Cwt : Alfalfa : 19.30 433.00 Bentgrass : 18.90 424.00 Chewings Fescue : 10.00 224.00 Crimson Clover : 8.40 188.00 Hairy Vetch : 5.81 130.00 Ladino Clover : 24.70 554.00 Lespedeza : 8.31 186.00 Merion KY Bluegrass : 22.00 494.00 Orchardgrass : 7.16 161.00 Red Clover : 12.00 269.00 Red Fescue : 10.10 227.00 Tall Fescue : 3.67 82.40 Timothy : 6.40 144.00 : Vegetables, Fresh, Cwt : Artichokes : 4.55 102.00 Cabbage : 1.38 31.00 Cantaloupes : 2.13 47.80 Cucumbers : 2.28 51.20 Eggplant : 2.41 54.10 Escarole : 3.10 69.60 Garlic : 2.93 65.70 Green Peppers : 3.60 80.80 Snap Beans : 4.51 101.00 Spinach : 3.95 88.60 Watermelon : 0.846 19.00 : Vegetables, Processing, Ton : Beets : 7.79 175.00 Cabbage : 6.01 135.00 Lima Beans : 67.00 1,500.00 Spinach : 14.50 325.00 : Livestock and Products : Beeswax, Lb : 0.291 6.53 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Adjusted Base Price and United States Parity Prices Based on data for January 2008 (continued) 1/ Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1998-2007, including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations, by 724 percent (120-month, Jan 1998-Dec 2007 average of the index of prices received by farmers adjusted to include an allowance for unredeemed loans and other supplemental payments) unless otherwise noted. 2/ These parity prices are the legally applicable parity prices for the following calendar month. 3/ Adjusted base price 1910-14 derived from 120-month, Jan 1998-Dec 2007 average including an allowance where appropriate for unredeemed loans and other supplemental payments resulting from price support operations. 4/ Equivalent packinghouse-door returns for CA, MI, NY (apples only), and WA (apples, peaches, and pears). Prices "as sold" for other states. 5/ Equivalent returns at packinghouse-door. 6/ Equivalent returns at processing plant door. 7/ Equivalent returns for bulk fruit at first delivery point. 8/ Based on 'as sold' prices for fresh fruit in all states. 9/ Average F.O.B. shipping point prices. 10/ Relates to prices including average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 11/ Prices on in-shell basis except almonds which are on shelled basis. 12/ Includes some processing. 13/ The 2007 marketing year average prices are not yet available for these commodities. Therefore, the adjusted base prices are brought forward from 2006, except citrus items (excluding limes) and cranberries. 14/ Monthly and/or season average prices are no longer estimated for these items. Therefore, the adjusted base price is brought forward from July 1986. 15/ Monthly and/or season average prices are no longer estimated for this item. The adjusted base price is brought forward from 1988. This page intentionally left blank Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998 - 2007 1/ --------------------------------------------------------------------------- : : : : : : : Commodity and Unit : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : 2004 --------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 645 607 611 650 620 677 757 --------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.20 1.89 1.86 1.89 2.13 2.27 2.47 Cotton, Upland, Lb : 0.646 0.516 0.498 0.389 0.336 0.517 0.543 All Wheat, Bu : 2.90 2.58 2.57 2.83 3.41 3.45 3.57 Rice, Cwt : 9.40 7.60 5.69 5.12 4.07 5.78 8.43 : Designated Nonbasic Comm : All Milk, Cwt :15.50 14.40 12.30 15.00 12.10 12.50 16.10 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.13 1.99 2.14 2.14 2.39 2.86 2.61 All Dry Beans, Cwt :20.40 17.90 15.10 17.50 22.60 17.70 21.20 Flaxseed, Bu : 5.72 4.38 3.45 4.00 5.23 6.00 7.18 All Hay, Baled, Ton :89.70 78.70 80.40 95.20 93.70 88.80 89.50 Oats, Bu : 1.34 1.15 1.17 1.42 1.88 1.71 1.52 Sorghum, Cwt : 3.54 2.86 3.10 3.38 3.80 3.96 4.13 Soybeans, Bu : 5.93 4.57 4.73 4.43 4.93 6.08 7.56 All Sunflower, Cwt :12.50 9.23 7.58 8.30 11.60 11.80 13.10 : Fruit : Apples, Fresh, Lb 4/ : 0.184 0.176 0.195 0.180 0.241 0.257 0.273 : Livestock and Products : Beef Cattle, Cwt :59.70 63.30 68.40 71.20 66.60 80.00 85.50 Calves, Cwt :82.30 89.60 105.80 106.70 97.60 103.60 121.60 Eggs, Doz : 0.665 0.608 0.635 0.611 0.607 0.746 0.698 All Hogs, Cwt :32.50 32.30 42.90 44.10 33.30 37.50 51.20 Lambs, Cwt :72.50 74.50 80.10 67.60 73.30 94.80 101.50 Sheep, Cwt :31.90 30.70 35.20 35.80 28.90 35.90 38.80 Turkeys, Lb : 0.379 0.407 0.414 0.391 0.365 0.360 0.419 --------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998 - 2007 1/ (continued) -------------------------------------------------------------------------------- : : : : : 1998-07 Average : : : : 1997-06 :---------------------- Commodity and Unit : 2005 : 2006 : 2007 : Average : As : For Parity : : : : :Computed :Purposes 2/ -------------------------------------------------------------------------------- : (1910-14=100) Index of Prices : Received by Farmers : 732 735 870 664 690 745 -------------------------------------------------------------------------------- : Calendar Year Average Prices 3/ : : Dollars : Basic Commodities : Corn, Bu : 2.00 3.04 3.76 2.16 2.23 2.51 Cotton, Upland, Lb : 0.427 0.475 0.494 0.503 0.484 0.688 All Wheat, Bu : 3.36 4.03 5.76 3.24 3.45 3.97 Rice, Cwt : 7.04 8.73 10.40 7.19 7.23 9.58 : Designated Nonbasic Comm : All Milk, Cwt : 15.10 12.90 19.10 13.90 14.50 14.50 : Other Nonbasic Comm : Field Crops and Misc : All Barley, Bu : 2.43 2.72 3.59 2.38 2.50 2.74 All Dry Beans, Cwt : 24.10 19.50 25.60 19.70 20.20 Flaxseed, Bu : 8.87 5.50 8.72 5.64 5.91 6.71 All Hay, Baled, Ton : 96.30 105.00 127.00 92.00 94.40 Oats, Bu : 1.64 1.82 2.45 1.54 1.61 1.63 Sorghum, Cwt : 3.21 4.34 6.27 3.64 3.86 4.48 Soybeans, Bu : 5.95 5.65 7.74 5.72 5.76 6.20 All Sunflower, Cwt : 14.10 12.00 17.00 11.20 11.70 12.50 : Fruit : Apples, Fresh, Lb 4/ : 0.217 0.305 0.317 0.222 0.235 : Livestock and Products : Beef Cattle, Cwt : 89.60 87.10 90.20 73.50 76.20 Calves, Cwt :135.00 133.00 123.00 106.00 110.00 Eggs, Doz : 0.548 0.573 0.928 0.639 0.662 All Hogs, Cwt : 49.60 46.30 46.70 42.20 41.60 Lambs, Cwt :111.00 94.00 97.20 86.00 86.70 86.70 Sheep, Cwt : 46.00 34.50 30.50 35.60 34.80 Turkeys, Lb : 0.448 0.475 0.520 0.406 0.418 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ ------------------------------------------------------------------------------ Commodity and Unit : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : : : : : : ------------------------------------------------------------------------------ : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 0.924 0.852 1.003 0.856 0.860 1.210 Peanuts, Lb 17/ : 0.284 0.254 0.274 0.234 0.182 0.193 Tobacco, Lb : Types 11-14 : 1.756 1.737 1.793 1.857 1.820 1.851 Types 21-23 : 2.208 2.264 2.137 2.130 2.357 2.455 Burley, Type 31 : 1.903 1.899 1.963 1.973 1.974 1.977 Type 32 : 1.291 1.345 1.387 1.554 1.348 1.463 Types 35-37 : 1.951 2.033 1.964 1.827 2.098 2.154 PA Seedleaf, Type 41 : 1.300 1.300 19/ 1.650 1.450 1.400 Types 51 : 5.499 4.737 4.916 5.588 5.372 3.584 : Designated Nonbasic Comm : Honey, Lb : 0.660 0.600 0.600 0.710 1.330 1.387 : Wool and Mohair 8/ : Wool, Lb : 0.600 0.380 0.330 0.350 0.530 0.730 Mohair, Lb : 2.49 3.46 4.04 2.13 1.58 1.66 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 10.30 7.82 6.71 8.77 10.60 10.60 Cottonseed, Ton :129.00 89.00 105.00 90.50 101.00 117.00 Hops, Lb : 1.69 1.69 1.87 1.85 1.91 1.86 Mustard Seed, Cwt : 13.60 11.40 10.10 12.10 15.40 16.00 Peppermint Oil, Lb : 11.90 10.70 10.80 10.90 11.90 12.00 Potatoes, Cwt : 5.56 5.76 5.08 6.99 6.67 5.89 Rapeseed, Cwt : 10.30 8.68 9.74 10.80 9.73 11.00 Rye, Bu : 2.49 2.27 2.60 2.86 3.32 3.00 Safflower, Cwt : 14.20 13.70 10.60 10.90 12.20 13.70 Spearmint Oil, Lb : 11.00 9.75 9.06 9.09 9.11 9.29 Sweet Potatoes, Cwt : 15.30 17.60 15.30 15.30 16.80 19.20 ------------------------------------------------------------------------------ See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1997-06 :1998-07 Commodity and Unit : 2004 : 2005 : 2006 : 2007 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Basic Commodities : Cotton, Long Staple, Lb : 1.268 1.244 0.943 0.997 1.020 1.020 Peanuts, Lb 17/ : 0.189 0.173 0.177 0.204 0.224 0.216 Tobacco, Lb : Types 11-14 : 1.845 1.474 1.496 1.526 1.730 1.720 Types 21-23 : 2.513 2.369 2.392 2.402 2.310 2.320 Burley, Type 31 : 1.994 1.564 1.638 1.601 1.880 1.850 Type 32 : 1.308 1.350 1.500 1.650 1.410 1.420 Types 35-37 : 2.187 2.137 2.200 2.197 2.060 2.070 PA Seedleaf, Type 41 : 1.450 1.450 1.550 1.650 1.450 1.460 Types 51 : 5.309 5.645 6.586 6.300 5.450 5.350 : Designated Nonbasic Comm : Honey, Lb : 1.069 0.918 1.042 6/ 89.100 6/ : Wool and Mohair 8/ : Wool, Lb : 0.800 0.710 0.680 0.880 0.595 0.599 Mohair, Lb : 1.96 2.78 3.68 3.78 2.60 2.76 : Other Nonbasic Comm : Field Crops and Misc : Canola, Cwt : 10.70 9.62 11.90 18.50 9.83 10.60 Cottonseed, Ton :117.00 107.00 96.00 111.00 108.00 107.00 Hops, Lb : 1.88 1.94 2.05 2.81 1.83 1.96 Mustard Seed, Cwt : 15.20 13.50 13.70 19.80 13.70 14.10 Peppermint Oil, Lb : 11.90 12.20 12.80 13.60 11.80 11.90 Potatoes, Cwt : 5.66 7.06 7.33 6/ 5.92 6/ Rapeseed, Cwt : 14.10 14.30 14.90 17.70 11.70 12.10 Rye, Bu : 3.22 3.30 3.32 4.95 3.01 3.13 Safflower, Cwt : 12.10 12.40 13.50 18.70 12.90 13.20 Spearmint Oil, Lb : 9.62 10.70 11.30 12.70 10.10 10.20 Sweet Potatoes, Cwt : 17.50 18.10 18.20 20.30 16.90 17.40 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2007 and 1998-2007 averages are preliminary. 2/ Includes an allowance for price support operations as authorized by the Secretary of Agriculture, January 30, 1956. This entry is omitted for commodities not affected by the adjustment. 3/ Simple average of monthly prices. Due to rounding differences, the 10-year average of these data might differ slightly from the 120-month averages shown in the 1997-2006 and 1998-2007 columns. 4/ Equivalent packinghouse-door returns for CA, NY (applies only starting in 1985), OR (except peaches), and WA. Prices "as sold" for other states. 5/ Unless otherwise noted these prices are the averages for the marketing season computed by weighting state prices by quantities sold. 6/ Not available. 7/ Price for year harvested, from Tobacco Division, AMS. 8/ Average local market price; does not include incentive payment per pound, the 1997-2006 and 1998-2007 averages for parity purposes include this allowance. 9/ Consistent with legislation quoted in this report, citrus prices shown for 2006 relate to the citrus crop designated as 2006-2007 in the production reports. 10/ Equivalent returns at processing plant door. 11/ Equivalent returns at packinghouse-door. 12/ Equivalent returns for bulk fruit at first delivery point. 13/ Based on "as sold" prices for fresh fruit in all states. 14/ Average F.O.B. shipping point prices. 15/ Includes strawberries for processing in states where the processing crop is not estimated separately. 16/ Prices include average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 17/ Prices on in-shell basis except almonds which are on shelled basis. 18/ Includes some processing. 19/ Marketing year average prices not published to avoid disclosure of individual firms. Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 20/ 20/ 25.30 23.00 22.50 26.00 : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 2.00 3.17 3.87 2.50 2.64 3.03 Lemons : 6.57 8.85 9.49 4.96 11.36 6.53 Oranges : 4.29 5.47 3.58 3.85 4.25 3.56 Tangerines : 8.84 12.60 7.15 7.92 9.59 10.06 Temples 21/ : 3.07 5.12 2.55 2.05 2.19 2.01 : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 95.10 128.00 101.00 108.00 130.00 131.00 Apricots, Ton : Fresh 14/ : 579.00 638.00 573.00 650.00 678.00 618.00 Processing 11/ : Dried (CA) :1,860.00 20/1,860.00 1,960.00 1,590.00 1,760.00 Excl Dried : 259.00 295.00 283.00 257.00 268.00 262.00 Avocados, Ton :2,160.00 1,950.00 1,400.00 1,670.00 1,920.00 1,690.00 Cherries : Sweet, Ton :1,100.00 1,100.00 1,340.00 1,230.00 1,550.00 1,400.00 Tart, Lb : 0.145 0.218 0.187 0.186 0.448 0.354 Cranberries, Bbl : 36.60 17.20 18.10 23.80 32.20 33.90 Dates, (CA) Ton :1,220.00 1,240.00 1,230.00 1,360.00 1,550.00 1,380.00 Grapes, Ton : Raisin Varieties : Dried (CA) :1,250.00 1,220.00 569.00 570.00 393.00 563.00 Excl Raisin Var Dr : 508.00 522.00 510.00 558.00 490.00 491.00 Kiwifruit, Ton 12/ : 744.00 634.00 455.00 667.00 783.00 853.00 Nectarines, Ton : Fresh 12/ : 20/ 437.00 407.00 480.00 382.00 436.00 Processing 11/ : 20/ 27.90 24.00 26.00 20/ 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 11.00 200.00 300.00 300.00 240.00 238.00 Excl Crushed : 481.00 394.00 677.00 681.00 594.00 420.00 Canning 13/ : 590.00 513.00 769.00 770.00 662.00 458.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1997-06 :1998-07 Commodity and Unit : 2004 : 2005 : 2006 : 2007 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Nonbasic Commodities : Tobacco, Cigar Wrapper : Type 61, Lb : 25.30 21.00 21.70 6/ 14.30 6/ : Fruit, Citrus (Equiv : On-Tree) Box 10/ : Grapefruit : 3.66 12.65 8.74 6/ 4.42 6/ Lemons : 8.01 8.17 10.59 6/ 8.29 6/ Oranges : 3.74 4.41 6.11 6/ 4.35 6/ Tangerines : 8.36 13.01 10.64 6/ 9.77 6/ : Fruit, Deciduous and : Other : Apples, Ton 11/ : Processing : 107.00 106.00 132.00 6/ 121.00 6/ Apricots, Ton : Fresh 14/ : 672.00 1,100.00 1,450.00 848.00 752.00 781.00 Processing 11/ : Dried (CA) :1,950.00 2,060.00 2,600.00 1,510.00 1,910.00 1,880.00 Excl Dried : 279.00 266.00 314.00 327.00 276.00 281.00 Avocados, Ton :1,620.00 1,130.00 1,800.00 6/1,650.00 6/ Cherries : Sweet, Ton :1,570.00 1,990.00 1,620.00 1,830.00 1,420.00 1,470.00 Tart, Lb : 0.328 0.238 0.216 0.268 0.248 0.259 Cranberries, Bbl : 32.90 35.60 38.50 43.80 33.30 31.30 Dates, (CA) Ton :1,310.00 1,430.00 1,320.00 1,800.00 1,310.00 1,380.00 Grapes, Ton : Raisin Varieties : Dried (CA) :1,210.00 1,000.00 1,070.00 1,050.00 875.00 890.00 Excl Raisin Var Dr : 522.00 507.00 599.00 573.00 520.00 528.00 Kiwifruit, Ton 12/ : 809.00 620.00 911.00 6/ 655.00 6/ Nectarines, Ton : Fresh 12/ : 342.00 507.00 522.00 339.00 440.00 436.00 Processing 11/ : 20/ 20/ 20/ 20/ 20/ 20/ Olives (CA), Ton : Processing 13/ : Crushed for Oil : 361.00 526.00 405.00 775.00 259.00 336.00 Excl Crushed : 589.00 568.00 855.00 643.00 592.00 590.00 Canning 13/ : 701.00 667.00 926.00 700.00 682.00 676.00 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.350 0.402 0.316 0.279 0.277 0.319 : Peaches : Fresh, Ton 14/ : 602.00 572.00 552.00 614.00 612.00 581.00 Processing 11/ : Dried (CA), Ton : 545.00 619.00 728.00 514.00 456.00 446.00 Excluding Dried, Ton : Clingstone CA, Ton : 219.00 225.00 250.00 244.00 247.00 215.00 Freestone, Ton : 196.00 196.00 206.00 207.00 199.00 203.00 : Pears : Fresh, Ton 4/ : 375.00 388.00 321.00 334.00 361.00 358.00 Processing, Ton 11/ : Dried (CA) :1,500.00 1,040.00 908.00 1,210.00 1,320.00 1,350.00 Excluding Dried : 199.00 184.00 190.00 175.00 206.00 197.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/: 764.00 861.00 770.00 726.00 810.00 772.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 476.00 232.00 321.00 345.00 396.00 446.00 Processing 11/ : 162.00 182.00 178.00 185.00 204.00 254.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.741 0.744 0.649 0.758 0.713 0.749 Processing : 31.900 33.000 24.500 29.200 33.100 28.100 : Sugar Crops, Ton 17/ : Sugarbeets : 36.40 37.20 34.20 39.80 39.60 41.40 Sugarcane for Sugar : -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1997-06 :1998-07 Commodity and Unit : 2004 : 2005 : 2006 : 2007 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Papayas (HI), Fresh, Lb : 0.361 0.364 0.413 0.412 0.361 0.349 : Peaches : Fresh, Ton 14/ : 548.00 718.00 779.00 721.00 607.00 630.00 Processing 11/ : Dried (CA), Ton : 382.00 504.00 802.00 530.00 561.00 553.00 Excluding Dried, Ton : Clingstone CA, Ton : 263.00 254.00 292.00 304.00 247.00 251.00 Freestone, Ton : 182.00 187.00 240.00 235.00 202.00 205.00 : Pears : Fresh, Ton 4/ : 430.00 461.00 528.00 499.00 389.00 406.00 Processing, Ton 11/ : Dried (CA) :1,030.00 1,620.00 1,410.001,800.00 1,290.00 1,320.00 Excluding Dried : 201.00 193.00 199.00 212.00 196.00 196.00 : Plums (CA), Ton : Fresh 20/ : 20/ 20/ 20/ 20/ 20/ 20/ Processing 20/ : 20/ 20/ 20/ 20/ 20/ 20/ : Prunes, Dried, CA, Ton 11/:1,500.00 1,470.00 1,390.001,450.00 995.00 1,050.00 : Prunes & Plums, Ex CA, Ton: Fresh 14/ : 468.00 759.00 639.00 619.00 453.00 470.00 Processing 11/ : 228.00 257.00 267.00 214.00 205.00 213.00 : Strawberries, Lb : Fresh 15/ 16/ : 0.684 0.689 0.722 0.796 0.711 0.725 Processing : 26.300 0.289 0.284 0.277 0.291 0.291 : Sugar Crops, Ton 17/ : Sugarbeets : 36.90 43.50 42.20 6/ 39.30 6/ Sugarcane : 6/ 6/ 6/ 6/ 6/ 6/ -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ -------------------------------------------------------------------------------- Commodity and Unit : 1998 : 1999 : 2000 : 2001 : 2002 : 2003 : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 1.41 0.86 0.97 0.91 1.11 1.57 Hazelnuts, Ton : 964.00 890.00 891.00 701.00 1,000.001,030.00 Pecans, All, Lb : 1.210 0.814 1.140 0.594 0.955 0.984 Pistachio, All, Lb : 1.03 1.33 1.01 1.01 1.10 1.22 Walnuts, Ton :1,050.00 886.00 1,240.00 1,120.00 1,170.001,160.00 : Vegetables, Fresh, Cwt 15/: Asparagus : 124.00 131.00 117.00 140.00 110.00 105.00 Broccoli : 30.20 24.10 31.20 26.50 31.40 32.70 Carrots : 12.20 16.80 13.10 17.10 19.10 19.00 Cauliflower : 34.50 29.70 32.10 29.20 32.20 35.10 Celery 19/ : 11.70 12.00 18.50 14.40 12.80 13.40 Honeydew Melons : 21.60 21.10 19.20 21.10 18.10 18.80 Lettuce : 16.20 13.30 17.30 17.90 21.10 18.10 Onions 19/ : 13.00 9.74 11.20 10.70 12.10 13.70 Sweet Corn : 17.20 16.90 18.50 19.50 19.20 19.30 Tomatoes : 35.20 25.80 30.70 30.00 31.60 37.40 : Vegetables, Proc., Ton 11/: Asparagus :1,200.00 1,180.00 1,180.00 1,040.00 1,110.001,170.00 Green Peas : 282.00 275.00 248.00 264.00 253.00 250.00 Snap Beans : 172.00 173.00 171.00 161.00 151.00 157.00 Sweet Corn : 73.30 71.10 73.40 73.00 68.00 70.40 Tomatoes : 65.30 71.10 59.80 59.20 58.20 58.70 -------------------------------------------------------------------------------- See footnote(s) at end of table. --continued Prices Received by Farmers used to Calculate Parity Prices for Agricultural Commodities, United States, 1998-2007 1/ (continued) -------------------------------------------------------------------------------- : : : : : : : : : : :1997-06 :1998-07 Commodity and Unit : 2004 : 2005 : 2006 : 2007 :Average :Average : : : : : : -------------------------------------------------------------------------------- : Marketing Year Average Prices 5/ : : Dollars : Tree Nuts 18/ : Almonds, Lb : 2.21 2.81 2.06 1.73 1.55 1.56 Hazelnuts, Ton :1,440.00 2,240.00 1,080.00 1,820.00 1,110.001,210.00 Pecans, All, Lb : 1.760 1.450 1.550 1.080 1.120 1.150 Pistachio, All, Lb : 1.34 2.05 1.89 1.34 1.31 1.33 Walnuts, Ton :1,390.00 1,570.00 1,630.00 6/1,260.00 6/ : Vegetables, Fresh, Cwt 15/: Asparagus : 81.30 87.40 88.90 99.10 109.70 108.00 Broccoli 19/ : 33.20 20/ 33.70 36.70 30.20 30.90 Carrots : 20.20 20.90 20.60 22.60 17.20 18.20 Cauliflower : 30.80 20/ 32.30 34.30 32.00 32.20 Celery 19/ : 15.00 14.10 18.40 20.80 14.70 15.20 Honeydew Melons : 17.60 18.80 18.00 17.60 19.30 19.20 Lettuce : 16.90 15.50 16.90 22.00 17.10 17.50 Onions 19/ : 9.06 12.40 15.70 11.50 12.00 11.90 Sweet Corn : 19.30 22.10 22.90 22.20 19.30 19.70 Tomatoes : 37.60 41.80 44.00 34.50 34.60 34.90 : Vegetables, Proc., Ton 11/: Asparagus :1,170.00 1,050.00 1,150.00 1,260.00 1,150.001,150.00 Green Peas : 250.00 266.00 243.00 256.00 262.00 259.00 Snap Beans : 158.00 140.00 157.00 169.00 162.00 161.00 Sweet Corn : 72.10 68.40 66.80 81.80 71.10 71.80 Tomatoes : 58.60 60.90 66.40 71.20 61.90 62.90 -------------------------------------------------------------------------------- 1/ Average used to compute "adjusted base prices". 2007 and 1998-2007 averages are preliminary. 2/ Includes an allowance for price support operations as authorized by the Secretary of Agriculture, January 30, 1956. This entry is omitted for commodities not affected by the adjustment. 3/ Simple average of monthly prices. Due to rounding differences, the 10-year average of these data might differ slightly from the 120-month averages shown in the 1997-2006 and 1998-2007 columns. 4/ Equivalent packinghouse-door returns for CA, NY (applies only starting in 1985), OR (except peaches), and WA. Prices "as sold" for other states. 5/ Unless otherwise noted these prices are the averages for the marketing season computed by weighting state prices by quantities sold. 6/ Not available. 7/ Price for year harvested, from Tobacco Division, AMS. 8/ For 1984 through 1986 the national averages are the support prices. 9/ Average local market price; does not include incentive payment per pound, the 1997-2006 and 1998-2007 averages for parity purposes include this allowance. 10/ Consistent with legislation quoted in this report, citrus prices shown for 2006 relate to the citrus crop designated as 2006-2007 in the production reports. 11/ Equivalent returns at processing plant door. 12/ Equivalent returns at packinghouse-door. 13/ Equivalent returns for bulk fruit at first delivery point. 14/ Based on "as sold" prices for fresh fruit in all states. 15/ Average F.O.B. shipping point prices. 16/ Includes strawberries for processing in states where the processing crop is not estimated separately. 17/ Prices include average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 18/ Prices on in-shell basis except almonds which are on shelled basis. 19/ Includes some processing. 20/ Marketing year average prices not published to avoid disclosure of individual firms. 21/ Included in oranges beginning in 2007. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : All Farm Products : : 1910-14 = 100 : 2004 : 706 730 767 785 810 810 779 762 734 720 727 706 753 2005 : 706 718 751 768 753 747 734 735 734 703 710 724 732 2006 : 711 714 711 710 724 745 742 759 756 730 758 764 735 2007 : 784 812 845 856 870 883 891 893 894 898 903 914 870 2008 : 953 953 : : 1990-92 = 100 : 2004 : 111 115 121 124 127 128 123 120 115 113 115 111 119 2005 : 111 113 118 121 119 118 116 116 116 111 112 114 115 2006 : 112 112 112 112 114 117 117 119 119 115 119 120 116 2007 : 123 128 133 135 137 139 140 141 141 141 142 144 137 2008 : 150 150 : : All Crops : : 1910-14 = 100 : 2004 : 554 584 590 595 595 598 577 583 557 544 544 512 569 2005 : 501 521 566 589 568 581 560 562 541 506 510 539 545 2006 : 528 549 566 593 619 620 611 617 599 562 603 626 591 2007 : 645 679 701 699 692 699 694 701 702 732 731 746 702 2008 : 821 821 : : 1990-92 = 100 : 2004 : 112 118 120 121 121 121 117 118 113 110 110 104 115 2005 : 102 106 115 119 115 118 114 114 110 103 103 109 111 2006 : 107 111 115 120 126 126 124 125 121 114 122 127 120 2007 : 131 138 142 142 140 142 141 142 142 148 148 151 142 2008 : 167 167 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Food Grains : : 1910-14 = 100 : 2004 : 393 395 402 408 407 384 366 357 364 363 362 359 380 2005 : 361 347 352 347 347 344 341 342 353 358 364 373 352 2006 : 372 384 395 398 423 423 413 418 432 483 485 482 426 2007 : 482 491 492 506 507 533 548 588 685 750 722 776 590 2008 : 830 830 : : 1990-92 = 100 : 2004 : 124 124 127 129 128 121 115 112 114 114 114 113 120 2005 : 114 109 111 109 109 108 107 108 111 113 114 117 111 2006 : 117 121 124 125 133 133 130 131 136 152 153 152 134 2007 : 152 154 155 159 160 168 173 185 215 236 227 244 186 2008 : 261 261 : : Feed Grains and Hay : : 1910-14 = 100 : 2004 : 376 404 421 445 454 438 405 389 362 344 331 333 392 2005 : 340 326 340 343 354 366 377 357 336 306 297 323 339 2006 : 327 342 350 362 381 388 393 382 380 416 461 482 389 2007 : 484 537 540 539 567 570 550 545 542 532 550 599 546 2008 : 665 665 : : 1990-92 = 100 : 2004 : 105 113 118 124 127 123 113 109 101 96 93 93 110 2005 : 95 91 95 96 99 102 105 100 94 86 83 90 95 2006 : 91 96 98 101 106 109 110 107 106 116 129 135 109 2007 : 135 150 151 151 158 159 154 152 151 149 154 167 153 2008 : 186 186 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Cotton : : 1910-14 = 100 : 2004 : 526 523 521 510 505 506 455 411 428 428 365 332 459 2005 : 325 324 341 350 335 354 347 356 373 410 410 406 361 2006 : 411 413 423 410 392 401 396 374 400 388 401 414 402 2007 : 418 401 392 391 372 384 382 380 440 467 482 500 417 2008 : 519 519 : : 1990-92 = 100 : 2004 : 103 102 102 100 99 99 89 80 83 83 71 65 90 2005 : 64 63 67 68 65 69 68 69 73 80 80 79 70 2006 : 80 81 83 80 77 78 77 73 78 76 78 81 78 2007 : 82 78 77 76 73 75 75 74 86 91 94 98 81 2008 : 101 101 : : Tobacco 2/ : : 1910-14 = 100 : 2004 :1822 1891 1830 574 574 574 1487 1526 1648 1661 1726 1726 1420 2005 :1857 1917 1265 1265 1363 1363 1363 1363 1418 2006 :1363 1363 1363 1363 1377 2007 : 1393 2008 : 1397 : : 1990-92 = 100 : 2004 : 120 125 121 38 38 38 98 101 109 110 114 114 94 2005 : 123 127 84 84 90 90 90 90 94 2006 : 90 90 90 90 91 2007 : 77 2008 : 92 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 2/ Monthly prices discontinued July 2005. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Oil-Bearing Crops : : 1910-14 = 100 : 2004 : 715 805 901 935 930 882 824 662 521 530 529 545 732 2005 : 549 541 590 596 612 651 654 600 512 531 539 561 578 2006 : 573 556 546 541 556 552 550 512 477 522 589 610 549 2007 : 624 676 683 676 698 740 744 755 720 786 898 968 747 2008 :1073 1073 : : 1990-92 = 100 : 2004 : 131 147 165 171 170 161 151 121 95 97 97 100 134 2005 : 100 99 108 109 112 119 120 110 94 97 99 103 106 2006 : 105 102 100 99 102 101 100 94 87 95 108 112 100 2007 : 114 124 125 124 128 135 136 138 132 144 164 177 137 2008 : 196 196 : : Fruit and Nuts : : 1910-14 = 100 : 2004 : 624 693 722 650 805 909 924 996 1060 1149 1041 836 867 2005 : 798 870 836 769 838 964 946 1020 1040 1034 983 896 916 2006 : 907 1001 951 929 968 1235 1199 1135 1228 1220 1149 1083 1084 2007 :1067 1113 1046 1012 1088 1056 1012 1049 1098 1159 1211 1090 1083 2008 :1066 1066 : : 1990-92 = 100 : 2004 : 89 99 103 93 115 130 132 143 152 164 149 120 124 2005 : 114 125 120 110 120 138 135 146 149 148 141 128 131 2006 : 130 143 136 133 139 177 172 163 176 175 165 155 155 2007 : 153 159 150 145 156 151 145 150 157 166 173 156 155 2008 : 153 153 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commercial Vegetables : : 1910-14 = 100 : 2004 : 852 936 741 848 722 712 666 852 864 1037 1055 792 840 2005 : 620 785 1100 1212 900 923 749 789 849 756 758 1017 872 2006 : 855 768 890 1007 1040 877 794 1018 1066 825 793 1001 911 2007 :1186 1103 1286 1210 963 887 839 978 1035 1310 930 922 1054 2008 : 982 982 : : 1990-92 = 100 : 2004 : 127 140 111 127 108 107 100 127 129 155 158 119 126 2005 : 93 117 165 181 135 138 112 118 127 113 113 152 130 2006 : 128 115 133 151 156 131 119 152 160 123 119 150 136 2007 : 177 165 192 181 144 133 126 146 155 196 139 138 158 2008 : 147 147 : : Potatoes and Dry Beans : : 1910-14 = 100 : 2004 : 488 504 530 568 558 558 552 495 485 444 477 506 514 2005 : 534 535 578 566 576 573 622 574 491 472 539 578 553 2006 : 596 571 706 700 661 702 808 652 526 503 574 588 632 2007 : 612 635 720 731 711 710 740 607 544 535 597 633 648 2008 : 643 643 : : 1990-92 = 100 : 2004 : 96 100 105 112 110 110 109 98 96 88 94 100 102 2005 : 106 106 114 112 114 113 123 113 97 93 106 114 109 2006 : 118 113 139 138 131 139 160 129 104 99 113 116 125 2007 : 121 125 142 144 140 140 146 120 107 106 118 125 128 2008 : 127 127 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Crops : : 1910-14 = 100 : 2004 : 558 558 558 558 558 558 559 559 555 554 554 554 557 2005 : 557 557 557 557 557 557 557 557 562 562 562 562 559 2006 : 573 573 573 573 573 573 573 573 572 572 572 572 572 2007 : 580 580 580 580 580 580 583 583 583 585 585 585 582 2008 : 585 585 : : 1990-92 = 100 : 2004 : 113 113 113 113 113 113 113 113 113 112 112 112 113 2005 : 113 113 113 113 113 113 113 113 114 114 114 114 113 2006 : 116 116 116 116 116 116 116 116 116 116 116 116 116 2007 : 118 118 118 118 118 118 118 118 118 119 119 119 118 2008 : 119 119 : : Food Commodities : : 1990-92 = 100 : 2004 : 112 116 123 126 130 130 125 123 119 117 121 117 122 2005 : 116 117 123 126 122 121 118 119 120 115 118 121 120 2006 : 117 115 114 113 115 119 119 123 123 116 120 122 118 2007 : 124 128 134 136 138 140 142 143 144 144 146 147 139 2008 : 150 150 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Products : : 1910-14 = 100 : 2004 : 842 859 934 967 1021 1020 981 932 907 902 915 918 933 2005 : 932 914 929 937 931 901 901 900 936 931 927 915 921 2006 : 900 870 841 807 801 843 848 877 894 892 890 867 861 2007 : 888 920 964 992 1029 1049 1073 1068 1067 1013 1040 1040 1012 2008 :1012 1012 : : 1990-92 = 100 : 2004 : 110 112 122 126 133 133 128 122 118 118 119 120 122 2005 : 121 119 121 122 121 117 117 117 122 121 121 119 120 2006 : 117 113 110 105 104 110 111 114 116 116 116 113 112 2007 : 116 120 126 129 134 137 140 139 139 132 136 136 132 2008 : 132 132 : : Meat Animals : : 1910-14 = 100 : 2004 :1058 1060 1134 1151 1232 1248 1234 1226 1205 1202 1201 1193 1179 2005 :1226 1214 1241 1273 1273 1205 1172 1177 1206 1230 1222 1229 1222 2006 :1236 1220 1169 1133 1135 1180 1183 1210 1222 1197 1144 1109 1178 2007 :1121 1167 1209 1250 1265 1229 1221 1251 1230 1196 1168 1146 1204 2008 :1144 1144 : : 1990-92 = 100 : 2004 : 104 104 112 113 121 123 121 121 119 118 118 117 116 2005 : 121 119 122 125 125 119 115 116 119 121 120 121 120 2006 : 122 120 115 111 112 116 116 119 120 118 112 109 116 2007 : 110 115 119 123 124 121 120 123 121 118 115 113 118 2008 : 113 113 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Indexes of Prices Received by Farmers, by Month and Annual Average, United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Dairy Products : : 1910-14 = 100 : 2004 : 811 836 953 1112 1186 1118 989 916 953 959 996 1008 986 2005 : 989 946 953 934 903 885 910 910 940 953 928 910 930 2006 : 885 830 774 744 731 731 719 737 799 836 854 873 793 2007 : 891 916 959 1020 1106 1241 1334 1327 1334 1315 1346 1321 1176 2008 :1272 1272 : : 1990-92 = 100 : 2004 : 101 104 119 139 148 139 123 114 119 119 124 126 123 2005 : 123 118 119 116 113 110 113 113 117 119 116 113 116 2006 : 110 103 96 93 91 91 90 92 100 104 106 109 99 2007 : 111 114 119 127 138 155 166 165 166 164 168 165 147 2008 : 158 158 : : Poultry and Eggs : : 1910-14 = 100 : 2004 : 373 390 414 392 397 411 406 367 330 322 331 332 372 2005 : 343 337 342 341 344 345 353 350 377 351 358 341 349 2006 : 319 302 313 293 289 325 329 347 348 345 374 350 328 2007 : 377 390 415 410 423 424 441 430 436 396 437 432 418 2008 : 442 442 : : 1990-92 = 100 : 2004 : 133 139 147 139 141 146 144 130 117 114 118 118 132 2005 : 122 120 122 121 122 123 126 125 134 125 127 121 124 2006 : 113 107 111 104 103 116 117 123 124 123 133 124 117 2007 : 134 139 148 146 150 151 157 153 155 141 155 154 148 2008 : 157 157 -------------------------------------------------------------------------------- 1/ Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. Parity Price Equivalent for Manufacturing Grade Milk By direction of the Secretary of Agriculture, the parity price equivalent for manufacturing grade milk is determined as follows: (1) Based on data for the 10 calendar years immediately preceding, compute the ratio of (a) the average price received by farmers, f.o.b. plant, for all manufacturing grade milk to (b) the average price by farmers, f.o.b. plant, for all milk sold to plants and dealers. (2) The parity price for all milk sold to plants is multiplied by the resulting ratio of (a) to (b) to determine the parity price equivalent for manufacturing milk. The parity price equivalent for manufacturing milk is not in itself a parity price but rather is an administrative determination based on the above price relationship. The ratio is computed in January of each year and is used throughout the calendar year. The ratio to be used during 2008 is 92.4, up 0.3 points from 2007. The parity price for all milk sold to plants is $43.80 per cwt. This price multiplied by 92.4 percent, results in $40.40 per cwt as the parity price equivalent for manufacturing milk of average milkfat content. In 2007, the simple average of monthly fat tests for manufacturing grade milk was 3.95 percent. The fat test ranged from a low of 3.76 in July to a high of 4.14 percent in December. Average price January 1998 - December 2007 a. Manufacturing grade milk 13.40 b. All milk sold at wholesale to plants and dealers 14.50 c. Ratio a/b . . . . . . . 92.4 Parity price equivalent for manufacturing grade milk - United States a. January 2007 . . . . . . 35.70 b. December 2007 . . . . . 37.90 c. January 2008 . . . . . . 40.40 Manufacturing Grade Milk: Average Price Per Cwt Received 1/, by Month, United States, January 1998-December 2007 -------------------------------------------------------------------------------- : : : : : : : : : : : : Year : Jan : Feb : Mar : Apr : May : Jun : Jul : Aug : Sep : Oct : Nov : Dec : : : : : : : : : : : : -------------------------------------------------------------------------------- : : Dollars : 1998 :13.50 13.50 12.90 12.10 11.40 13.10 14.10 14.70 15.40 16.80 17.40 17.40 1999 :15.40 12.40 12.50 12.00 11.60 12.00 13.40 15.40 15.10 12.70 11.10 10.80 2000 :10.70 10.30 10.10 10.20 10.10 10.40 10.80 10.70 11.40 10.60 10.40 10.80 2001 :10.70 11.10 12.20 12.80 14.20 14.90 14.90 15.20 16.00 14.30 12.40 12.50 2002 :12.50 11.90 11.40 11.30 11.10 10.30 9.60 9.90 10.40 11.30 10.70 10.70 2003 :10.70 10.40 9.90 10.00 10.20 10.20 11.80 13.20 14.10 14.60 13.70 12.70 2004 :12.40 12.80 15.50 19.00 18.80 16.80 14.20 14.20 14.70 14.90 15.90 16.10 2005 :15.30 14.90 14.70 14.70 14.00 14.00 14.10 13.80 14.70 14.80 14.30 14.40 2006 :14.00 12.90 11.80 11.40 11.30 11.30 10.80 11.10 12.70 13.00 13.70 14.00 2007 :13.90 14.40 15.10 15.90 17.70 20.00 20.70 20.00 20.20 19.70 20.50 20.80 -------------------------------------------------------------------------------- 1/ Before hauling costs are deducted and including premiums paid to farmers. Reliability of Prices Received Estimates Definition: Prices received represent sales from producers to first buyers. They include all grades and qualities. The average commodity price from the survey multiplied by the total quantity marketed theoretically should give the total cash receipts for the commodity. Survey Procedures: Primary sales data used to determine grain prices were obtained from probability samples of about 2000 mills and elevators. These procedures ensure that virtually all grain moving into commercial channels has a chance of being included in the survey. Generally, States surveyed account for 90 percent or more of total U.S. production. Livestock prices are obtained from packers, stockyards, auctions, dealers, and market check data from AMS-USDA, private marketing organizations, and state commodity groups and agencies. Inter-farm sales of grain and livestock are not included since they represent very small percentages of the total marketings. Grain marketed for seed is also excluded. Fruit and vegetable prices are obtained from sample surveys and market check data from AMS-USDA, private marketing organizations, state agencies, and universities. Summary and Estimation Procedures: Survey quantities sold are expanded by strata to state levels and used to weight average strata prices to a state average. State prices are then weighted to a U.S. price based on expanded marketings. Recommendations are prepared by the State Field Offices and reviewed by the Agricultural Statistics Board in Washington, D.C. State recommendations are reviewed for reasonableness with survey data, other States, and recent historic estimates. Revisions: For most items, the current month's preliminary price represents a 3-5 day period around the 15th of the month. Previous month's prices represent actual dollars received for quantities sold during the entire month. Revisions are published in monthly issues of Agricultural Prices. Reliability: U.S. price estimates based on probability surveys generally have a sampling error of less than one percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods of summarization for non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors at around five percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Prices Paid by Farmers The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 168 (1990-92=100), is up 1.8 percent from December 2007 and up 8.4 percent from January 2007. PRODUCTION INDEX: The January index, at 169, increased 1.8 percent from last month and 11 percent from last year. Higher prices in January for cash rent, other farm services, and feed grains offset lower prices for diesel fuel, feeder cattle, and hay & forages. Feed: The January index, at 172, increased 3.6 percent from December and 23 percent from last January. Since December, higher prices for feed grains, complete feeds, and feed supplements offset lower prices for hay & forages and feed concentrates. Livestock & Poultry: The January index, at 121, decreased 4.0 percent from last month and 0.8 percent from last year. Since December, lower prices for beef cattle more than offset higher prices for feeder pigs. The January feeder cattle price, at $98.50 per cwt, is down $5.90 per cwt from the December price. January feeder pigs averaged $106.00 per cwt, up $10.00 per cwt from December. Fertilizer: The January index, at 241, is up 4.8 percent from December and 32 percent above January a year ago. Chemicals: The January index, at 135, increased 1.5 percent from December and 4.7 percent from last January. Fuels: The January index, at 295, is down 3.0 percent from a month earlier but 35 percent above January 2007. Compared with last month, prices are higher for gasoline but lower for diesel fuel and LP gas. Machinery: The January index, at 191, was unchanged from December but 2.7 percent above last January. CONSUMER PRICE INDEX: The December 2007 Consumer Price Index, as issued by the Bureau of Labor Statistics, for all urban consumers (CPI-U) decreased 0.1 percent before seasonal adjustment to a level of 210.036 (1982-84=100). This compares with the November index of 210.177. For the 12-month period ending in December, the overall index increased 4.1 percent. Indexes of Prices Paid by Farmers and Related Parity Ratios United States, January 2008 With Comparisons 1/ -------------------------------------------------------------------------------- : 1910-14 = 100 : 1990-92 = 100 Indexes :---------------------------------------------- and : 2007 : 2008 : 2007 : 2008 Ratios :---------------------------------------------- : Jan : Dec : Jan : Jan : Dec : Jan : Prices Paid by Farmers for : Commodities & Services, : Interest, Taxes, & Wage : Rates (PPITW) : 2,062 *2,204 2,244 155 *165 168 Production : 1,473 *1,612 1,641 152 *166 169 Feed : 681 *812 841 140 *166 172 Livestock and Poultry : 1,555 *1,616 1,552 122 *126 121 Seeds : 1,838 2,086 2,086 186 211 211 Fertilizer : 666 *843 882 182 *230 241 Chemicals : 797 *824 834 129 *133 135 Fuels : 1,690 2,348 2,275 219 304 295 Supplies & Repairs : 1,052 1,068 1,068 148 *151 151 Autos & Trucks : 2,980 *2,959 2,971 112 *111 112 Machinery : 4,670 *4,789 4,787 186 *191 191 Building Material : 2,080 *2,110 2,111 153 155 155 Services & Rent : 1,752 *1,762 1,839 Services : 145 *146 150 Rent : 151 *151 163 Interest 2/ : 3,865 *3,865 4,100 154 *154 164 Taxes 3/ : 5,043 *5,043 5,443 188 *188 203 Wage Rates : 6,688 6,675 6,675 179 178 178 Production, Interest, Taxes, : & Wage Rates (PITW) : 2,092 *2,250 2,297 156 *167 171 Family Living-CPI 4/ : 1,922 *1,995 1,995 150 156 156 : : :---------------------------------------------- Ratio (Received\Paid) : 79 *87 89 Parity Ratio 5/ : 38 *42 42 Parity Ratio Adjusted 6/ : 40 *44 44 PPITW Adjusted for : Productivity 7/ : 1386 *1419 1429 : : :---------------------------------------------- Crop Sector (PPITW) : 160 *171 175 Livestock Sector (PPITW) : 149 *160 162 : : :---------------------------------------------- Farm Sector (Production) : 141 *160 161 Non-Farm Sector (Production) : 157 *169 173 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 3/ Farm real estate taxes payable per acre. 4/ Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the USDA. 5/ Ratio of index of prices received to PPITW (1910-14=100). 6/ Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.044 for 2008 and the revised factor is 1.041 for 2007. 7/ PPITW is adjusted based on productivity trend for the prior 15 years. Prices Paid Indexes and Annual Weights for Input Components and Sub-Components United States, January 2008 With Comparisons 1/ -------------------------------------------------------------------------------- : : Input Indexes : Relative Weights :--------------------------- Index :5-Year Moving Average 2/ : 2007 : 2008 :----------------------------------------------------- : 2007 : 2008 : Jan : Dec : Jan -------------------------------------------------------------------------------- : ---- Percent ---- ---- (1990-92=100) --- : Production Items : 67.4 67.9 152 *166 169 : Feed : 10.9 10.9 140 *166 172 Feed Grains : 1.6 1.6 135 *165 188 Complete Feeds : 5.3 5.4 138 *157 162 Hay/Forages : 1.4 1.4 147 178 173 Concentrates : 1.7 1.7 124 *162 160 Supplements : 0.9 0.9 176 *212 227 Livestock & Poultry : 7.7 8.0 122 *126 121 Feeder Cattle : 6.0 6.2 115 *123 116 Feeder Pigs : 0.6 0.6 158 *104 115 Milk Cow Replacements : 0.6 0.6 147 179 174 Poultry : 0.5 0.5 125 125 125 Seeds : 3.7 3.8 186 211 211 Field Crops : 3.4 3.5 191 218 218 Grasses/Legumes : 0.4 0.4 133 142 142 Fertilizer : 4.4 4.4 182 *230 241 Mixed Fertilizer : 1.9 1.9 173 206 210 Nitrogen : 1.8 1.9 202 *253 265 Potash & Phosphate : 0.6 0.6 149 *238 265 Chemicals : 3.4 3.3 129 *133 135 Herbicides : 2.2 2.1 122 *126 127 Insecticides : 0.8 0.8 146 *152 154 Fungicides/Other : 0.5 0.5 130 *136 138 Fuels : 3.1 3.3 219 304 295 Diesel : 1.9 2.1 241 *327 305 Gasoline : 0.7 0.8 182 *242 262 LP Gas : 0.4 0.4 184 *313 303 Supplies & Repairs : 4.8 4.7 148 *151 151 Supplies : 1.6 1.6 140 141 141 Repairs : 3.2 3.1 153 155 155 Autos & Trucks : 1.8 1.7 112 *111 112 Autos : 0.2 0.2 110 *109 109 Trucks : 1.6 1.5 112 112 112 Machinery : 4.5 4.5 186 *191 191 Tractors : 1.0 1.0 165 *167 167 Self-Propelled : 1.8 1.8 195 *199 199 Other Machinery : 1.7 1.7 189 196 196 Building Materials : 4.3 4.5 153 155 155 Services : 12.2 12.2 145 *146 150 Custom Rates : 1.3 1.3 125 125 125 Other Services : 10.9 10.9 147 *149 153 Rent : 6.7 6.6 151 *151 163 Cash : 3.6 3.5 180 *180 195 Share : 3.1 3.0 117 *117 126 Interest : 4.0 3.8 154 *154 164 Taxes : 2.9 2.9 188 *188 203 Wage Rates : 7.8 7.8 179 178 178 Family Living-CPI : 18.0 17.6 150 156 156 -------------------------------------------------------------------------------- * Revised. 1/ Revised historical price indexes for months not shown are available at www.nass.usda.gov. 2/ Weights may not add due to rounding. Feed Price Ratios: United States, January 2008 with Comparisons -------------------------------------------------------------------------------- : 2007 : 2008 Feed Price Ratio 1/ :----------------------------- : Jan : Dec : Jan -------------------------------------------------------------------------------- : Broiler-Feed: Pounds of Broiler Grower Feed : equal in value to 1 pound of broiler, live weight : 5.6 *4.0 4.0 : Market Egg Feed: Pounds of Laying Feed equal in : Value to 1 dozen eggs : 11.7 *13.9 11.6 : Hog-Corn: Bushels of Corn equal in value to : 100 pounds of hog, live weight : 14.0 *10.5 8.5 : Milk-Feed: Pounds of 16% Mixed Dairy Feed equal : in value to 1 pound of Whole Milk : 2.45 *2.85 2.55 : Steer & Heifer-Corn: Bushels of Corn equal : in value to 100 pounds of Steer & Heifers, : 29.4 *25.3 22.2 live weight : : Turkey-Feed: Pounds of Turkey Grower equal in : value to 1 pound of Turkey, live weight : 5.6 *4.9 3.7 -------------------------------------------------------------------------------- * Revised. 1/ Effective January 1995, prices of commercial prepared feeds are based on current U.S. prices received for corn, soybeans, alfalfa hay, and all wheat. Prices Used to Calculate Feed Price Ratios: United States, January 2008 with Comparisons -------------------------------------------------------------------------------- : : 2007 : 2008 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- Broilers, Live : Lb : 0.430 0.440 0.480 Eggs, Market : Doz : 0.788 1.280 1.200 : : Hogs, All : Cwt : 42.70 39.60 36.50 Milk, All : Cwt : 14.50 21.50 20.70 : : Steers and Heifers : Cwt : 89.80 95.10 95.20 Turkeys, Live : Lb : 0.408 0.526 0.448 : : Corn : Bu : 3.05 3.76 4.28 Hay, Alfalfa, Baled : Ton : 112.00 136.00 135.00 : : Soybeans : Bu : 6.37 10.00 11.00 Wheat, All : Bu : 4.53 7.74 8.55 -------------------------------------------------------------------------------- Feeder Livestock: Prices Paid, United States January 2008 with Comparisons -------------------------------------------------------------------------------- : : 2007 : 2008 Commodity : Unit :------------------------------------------- : : Jan : Dec : Jan -------------------------------------------------------------------------------- : : Dollars : : Feeders and Stockers : : Cattle and Calves : Cwt : 97.40 *104.40 98.50 Feeder Pigs : Cwt : 145.00 *96.00 106.00 -------------------------------------------------------------------------------- * Revised. Grazing Fee Rates for Cattle by Selected States and Regions -------------------------------------------------------------------------------- : Survey Average Rates 1/ :-------------------------------------------------------------- State : Animal Unit 2/ : Cow-Calf : Per Head :-------------------------------------------------------------- : 2006 : 2007 : 2006 : 2007 : 2006 : 2007 -------------------------------------------------------------------------------- : Dollars per Month : AZ : 8.00 8.00 7/ 7/ 10.00 10.00 : CA : 16.50 16.50 21.00 21.50 17.00 17.30 : CO : 14.50 15.00 16.00 16.70 15.00 15.10 : ID : 12.80 13.80 15.00 16.50 13.50 14.60 : KS : 13.50 14.00 16.50 17.00 14.00 14.00 : MT : 16.20 17.80 18.70 20.10 18.30 19.20 : NE : 24.00 23.00 28.50 27.50 26.00 25.00 : NV : 13.00 13.00 13.50 14.00 13.00 13.50 : NM : 10.00 11.00 12.00 13.00 11.50 12.00 : ND : 14.50 16.00 16.00 17.50 15.00 15.50 : OK : 8.30 9.00 10.50 11.00 8.50 9.00 : OR : 12.50 14.10 15.00 17.00 12.80 13.00 : SD : 20.30 21.00 24.00 25.20 21.00 23.00 : TX : 10.00 10.70 10.00 11.80 9.90 10.00 : UT : 11.70 12.90 14.60 14.60 13.50 14.20 : WA : 9.60 12.10 12.00 13.70 12.20 12.20 : WY : 15.10 15.40 17.30 17.90 15.80 16.10 : 17-State 3/ : 13.80 14.50 15.80 16.90 14.40 14.80 : 16-State 4/ : 15.20 15.90 18.00 18.80 16.20 16.60 : 11-State 5/ : 13.90 14.90 16.40 17.40 15.10 15.60 : 9-State 6/ : 13.70 14.30 15.60 16.60 14.20 14.50 -------------------------------------------------------------------------------- 1/ The average rates are estimates based on survey indications of monthly lease rates for private, non-irrigated grazing land from the January Cattle Survey. 2/ Includes animal unit plus cow-calf rates. Cow-calf rate converted to animal unit (AUM) using (1 aum=cow-calf *0.833). 3/ 17 Western States: AZ, CA, CO, ID, KS, MT, NE, NV, NM, ND, OK, OR, SD, TX, UT, WA, and WY. 4/ 16 Western States: AZ, CA, CO, ID, KS, MT, NE, NV, NM, ND, OK, OR, SD, UT, WA, and WY. 5/ 11 Western States: AZ, CA, CO, ID, MT, NV, NM, OR, UT, WA, and WY. 6/ 9 Great Plains States: CO, KS, NE, NM, ND, OK, SD, TX, and WY. 7/ Insufficient data. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Commodities and Services, Interest, Taxes, and Wage Rates : (PPITW) : : 1910-14 = 100 : 2004 : 1741 1748 1766 1783 1800 1804 1803 1797 1798 1809 1806 1797 1788 2005 : 1845 1848 1869 1884 1882 1889 1892 1901 1923 1941 1923 1927 1894 2006 : 1995 1988 1991 2000 2008 2014 2016 2017 2007 2000 2005 2017 2005 2007 : 2062 2083 2113 2138 2141 2145 2149 2147 2157 2172 2194 2204 2142 2008 : 2244 2244 : : 1990-92 = 100 : 2004 : 131 131 133 134 135 136 135 135 135 136 136 135 134 2005 : 139 139 140 142 141 142 142 143 144 146 144 145 142 2006 : 150 149 149 150 151 151 151 151 151 150 151 151 150 2007 : 155 156 159 160 161 161 161 161 162 163 165 165 161 2008 : 168 168 : : Items Used for Production, Interest, Taxes, and Wage Rates : (PITW) : : 1910-14 = 100 : 2004 : 1736 1744 1763 1783 1801 1805 1804 1796 1797 1808 1804 1794 1786 2005 : 1852 1854 1876 1893 1891 1899 1901 1910 1930 1952 1934 1941 1903 2006 : 2020 2011 2012 2019 2027 2033 2035 2035 2025 2018 2025 2040 2025 2007 : 2092 2116 2149 2176 2177 2181 2187 2185 2195 2213 2237 2250 2180 2008 : 2297 2297 : : 1990-92 = 100 : 2004 : 129 130 131 133 134 134 134 134 134 135 134 134 133 2005 : 138 138 140 141 141 141 141 142 144 145 144 144 142 2006 : 150 150 150 150 151 151 151 151 151 150 151 152 151 2007 : 156 157 160 162 162 162 163 163 163 165 167 167 162 2008 : 171 171 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Items Used for Production : : 1910-14 = 100 : 2004 : 1236 1243 1260 1281 1297 1301 1303 1297 1297 1302 1298 1290 1284 2005 : 1311 1313 1333 1355 1354 1361 1362 1370 1388 1403 1387 1393 1361 2006 : 1428 1420 1421 1434 1441 1446 1449 1449 1440 1430 1435 1449 1437 2007 : 1473 1493 1522 1549 1550 1554 1563 1561 1570 1579 1600 1612 1552 2008 : 1641 1641 : : 1990-92 = 100 : 2004 : 127 128 130 132 134 134 134 134 134 134 134 133 132 2005 : 135 135 137 140 140 140 140 141 143 145 143 144 140 2006 : 147 146 146 148 148 149 149 149 148 147 148 149 148 2007 : 152 154 157 160 160 160 161 161 162 163 165 166 160 2008 : 169 169 : : Feed : : 1910-14 = 100 : 2004 : 573 592 606 639 658 632 626 583 567 543 533 525 590 2005 : 545 538 559 569 577 589 596 593 579 572 562 576 571 2006 : 594 591 599 602 602 596 598 588 586 609 650 676 608 2007 : 681 722 731 720 717 727 729 728 736 759 786 812 737 2008 : 841 841 : : 1990-92 = 100 : 2004 : 117 121 124 131 135 129 128 119 116 111 109 108 121 2005 : 112 110 115 116 118 121 122 122 119 117 115 118 117 2006 : 122 121 123 123 123 122 123 120 120 125 133 138 124 2007 : 140 148 150 148 147 149 149 149 151 155 161 166 151 2008 : 172 172 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Livestock and Poultry : : 1910-14 = 100 : 2004 : 1439 1404 1470 1546 1614 1714 1739 1754 1764 1796 1750 1704 1641 2005 : 1698 1696 1753 1820 1784 1752 1683 1697 1753 1819 1823 1829 1759 2006 : 1827 1776 1716 1677 1663 1721 1718 1732 1772 1694 1583 1588 1706 2007 : 1555 1587 1662 1701 1680 1637 1705 1730 1721 1687 1650 1616 1661 2008 : 1552 1552 : : 1990-92 = 100 : 2004 : 113 110 115 121 126 134 136 137 138 141 137 133 128 2005 : 133 133 137 142 140 137 132 133 137 142 143 143 138 2006 : 143 139 134 131 130 135 134 136 139 133 124 124 134 2007 : 122 124 130 133 131 128 133 135 135 132 129 126 130 2008 : 121 121 : : Seeds : : 1910-14 = 100 : 2004 : 1553 1553 1553 1564 1564 1564 1564 1564 1564 1564 1564 1564 1561 2005 : 1564 1564 1564 1694 1694 1694 1694 1694 1694 1694 1694 1694 1662 2006 : 1694 1694 1694 1838 1838 1838 1838 1838 1838 1838 1838 1838 1802 2007 : 1838 1838 1838 2086 2086 2086 2086 2086 2086 2086 2086 2086 2024 2008 : 2086 2086 : : 1990-92 = 100 : 2004 : 157 157 157 158 158 158 158 158 158 158 158 158 158 2005 : 158 158 158 171 171 171 171 171 171 171 171 171 168 2006 : 171 171 171 186 186 186 186 186 186 186 186 186 182 2007 : 186 186 186 211 211 211 211 211 211 211 211 211 205 2008 : 211 211 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fertilizer : : 1910-14 = 100 : 2004 : 481 493 504 502 496 500 504 516 523 539 550 556 514 2005 : 562 564 565 579 586 591 588 590 609 641 659 679 601 2006 : 691 673 664 659 649 638 627 623 618 623 623 639 644 2007 : 666 683 740 766 769 772 776 764 785 781 806 843 763 2008 : 882 882 : : 1990-92 = 100 : 2004 : 131 134 137 137 135 136 138 141 143 147 150 152 140 2005 : 153 154 154 158 160 161 160 161 166 175 180 185 164 2006 : 189 183 181 180 177 174 171 170 169 170 170 174 176 2007 : 182 186 202 209 210 211 212 208 214 213 220 230 208 2008 : 241 241 : : Chemicals : : 1910-14 = 100 : 2004 : 746 749 749 745 746 748 753 744 745 741 741 743 746 2005 : 753 745 746 747 750 754 759 770 777 783 788 777 762 2006 : 783 783 781 777 796 794 795 795 799 797 807 796 792 2007 : 797 797 803 805 802 802 803 807 805 820 814 824 807 2008 : 834 834 : : 1990-92 = 100 : 2004 : 121 121 121 121 121 121 122 120 120 120 120 120 121 2005 : 122 120 121 121 121 122 123 124 126 127 127 126 123 2006 : 127 127 126 126 129 128 129 129 129 129 131 129 128 2007 : 129 129 130 130 130 130 130 130 130 133 132 133 131 2008 : 135 135 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fuels : : 1910-14 = 100 : 2004 : 1113 1103 1134 1168 1242 1231 1249 1307 1336 1484 1493 1387 1271 2005 : 1361 1416 1555 1624 1547 1581 1652 1758 2002 2091 1741 1694 1669 2006 : 1704 1679 1743 1882 1988 1997 2046 2084 1873 1693 1706 1750 1845 2007 : 1690 1717 1854 1992 2028 2020 2046 2020 2084 2169 2386 2348 2030 2008 : 2275 2275 : : 1990-92 = 100 : 2004 : 144 143 147 151 161 159 162 169 173 192 193 180 165 2005 : 176 183 201 210 200 205 214 228 259 271 226 219 216 2006 : 221 218 226 244 258 259 265 270 243 219 221 227 239 2007 : 219 222 240 258 263 262 265 262 270 281 309 304 263 2008 : 295 295 : : Supplies and Repairs : : 1910-14 = 100 : 2004 : 937 938 936 944 945 946 949 949 955 959 960 964 949 2005 : 980 981 981 989 991 991 993 1002 1003 1006 1011 1012 995 2006 : 1014 1018 1020 1027 1028 1028 1033 1034 1034 1037 1037 1038 1029 2007 : 1052 1053 1052 1055 1056 1066 1066 1067 1071 1071 1068 1068 1062 2008 : 1068 1068 : : 1990-92 = 100 : 2004 : 132 132 132 133 133 133 134 134 135 135 135 136 134 2005 : 138 138 138 139 140 140 140 141 141 142 142 143 140 2006 : 143 143 144 145 145 145 146 146 146 146 146 146 145 2007 : 148 148 148 149 149 150 150 150 151 151 150 151 150 2008 : 151 151 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Autos and Trucks : : 1910-14 = 100 : 2004 : 3052 3060 3046 3042 3029 3021 2994 2969 2969 2985 3034 3067 3022 2005 : 3091 3093 3071 3062 3060 3042 2991 2959 2974 3000 3016 3019 3032 2006 : 3036 3040 3031 3019 2999 2986 2976 2961 2952 2963 2958 2967 2991 2007 : 2980 2976 2975 2967 2954 2938 2928 2924 2918 2925 2948 2959 2949 2008 : 2971 2971 : : 1990-92 = 100 : 2004 : 115 115 115 114 114 114 113 112 112 112 114 115 114 2005 : 116 116 115 115 115 114 112 111 112 113 113 114 114 2006 : 114 114 114 114 113 112 112 111 111 111 111 112 112 2007 : 112 112 112 112 111 110 110 110 110 110 111 111 111 2008 : 112 112 : : Machinery : : 1910-14 = 100 : 2004 : 3901 3919 4049 4040 4048 4042 4049 4049 4108 4134 4188 4215 4062 2005 : 4247 4290 4286 4282 4301 4314 4331 4350 4363 4376 4399 4415 4330 2006 : 4458 4477 4496 4511 4539 4547 4563 4578 4586 4595 4654 4662 4556 2007 : 4670 4681 4732 4740 4740 4746 4750 4749 4749 4766 4791 4789 4742 2008 : 4787 4787 : : 1990-92 = 100 : 2004 : 156 156 161 161 161 161 161 161 164 165 167 168 162 2005 : 169 171 171 171 171 172 173 173 174 174 175 176 173 2006 : 178 178 179 180 181 181 182 182 183 183 186 186 182 2007 : 186 187 189 189 189 189 189 189 189 190 191 191 189 2008 : 191 191 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Building Materials : : 1910-14 = 100 : 2004 : 1704 1738 1757 1800 1824 1824 1831 1856 1868 1867 1866 1872 1817 2005 : 1892 1910 1914 1917 1913 1918 1921 1917 1935 1959 1976 1986 1930 2006 : 2013 2022 2028 2041 2057 2068 2079 2084 2088 2081 2072 2072 2059 2007 : 2080 2083 2090 2100 2107 2111 2115 2115 2113 2112 2109 2110 2104 2008 : 2111 2111 : : 1990-92 = 100 : 2004 : 125 128 129 133 134 134 135 137 137 137 137 138 134 2005 : 139 141 141 141 141 141 141 141 142 144 145 146 142 2006 : 148 149 149 150 151 152 153 153 154 153 153 153 152 2007 : 153 153 154 155 155 155 156 156 156 155 155 155 155 2008 : 155 155 : : Services and Rent 2/ : : 1910-14 = 100 : 2004 : 1502 1502 1503 1503 1507 1518 1519 1522 1521 1513 1510 1513 1511 2005 : 1556 1557 1557 1560 1564 1577 1580 1579 1582 1575 1575 1574 1570 2006 : 1661 1663 1666 1666 1670 1686 1685 1686 1686 1676 1673 1673 1674 2007 : 1752 1752 1752 1752 1757 1770 1770 1768 1769 1762 1760 1762 1761 2008 : 1839 1839 : : Services : : 1990-92 = 100 : 2004 : 126 126 126 126 127 128 128 129 128 127 127 127 127 2005 : 132 132 132 132 133 134 135 135 135 134 134 134 134 2006 : 139 139 139 139 140 142 142 142 142 141 140 140 140 2007 : 145 145 145 145 146 147 147 147 147 146 146 146 146 2008 : 150 150 : : Rent : : 1990-92 = 100 : 2004 : 126 126 126 126 126 126 126 126 126 126 126 126 126 2005 : 129 129 129 129 129 129 129 129 129 129 129 129 129 2006 : 141 141 141 141 141 141 141 141 141 141 141 141 141 2007 : 151 151 151 151 151 151 151 151 151 151 151 151 151 2008 : 163 163 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ For the 1990-92=100 base period, the Farm Services and Rent Index is separated. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Interest : : 1910-14 = 100 : 2004 : 2463 2463 2463 2463 2463 2463 2463 2463 2463 2463 2463 2463 2463 2005 : 2866 2866 2866 2866 2866 2866 2866 2866 2866 2866 2866 2866 2866 2006 : 3496 3496 3496 3496 3496 3496 3496 3496 3496 3496 3496 3496 3496 2007 : 3865 3865 3865 3865 3865 3865 3865 3865 3865 3865 3865 3865 3865 2008 : 4100 4100 : : 1990-92 = 100 : 2004 : 98 98 98 98 98 98 98 98 98 98 98 98 98 2005 : 114 114 114 114 114 114 114 114 114 114 114 114 114 2006 : 139 139 139 139 139 139 139 139 139 139 139 139 139 2007 : 154 154 154 154 154 154 154 154 154 154 154 154 154 2008 : 164 164 : : Taxes : : 1910-14 = 100 : 2004 : 3571 3571 3571 3571 3571 3571 3571 3571 3571 3571 3571 3571 3571 2005 : 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 4131 2006 : 4671 4671 4671 4671 4671 4671 4671 4671 4671 4671 4671 4671 4671 2007 : 5043 5043 5043 5043 5043 5043 5043 5043 5043 5043 5043 5043 5043 2008 : 5443 5443 : : 1990-92 = 100 : 2004 : 133 133 133 133 133 133 133 133 133 133 133 133 133 2005 : 154 154 154 154 154 154 154 154 154 154 154 154 154 2006 : 174 174 174 174 174 174 174 174 174 174 174 174 174 2007 : 188 188 188 188 188 188 188 188 188 188 188 188 188 2008 : 203 203 : : Wage Rates : : 1910-14 = 100 : 2004 : 6080 6080 6080 5964 5964 5964 5841 5841 5841 6022 6022 6022 5977 2005 : 6319 6319 6319 6041 6041 6041 6061 6061 6061 6210 6210 6210 6158 2006 : 6526 6526 6526 6319 6319 6319 6281 6281 6281 6436 6436 6436 6391 2007 : 6688 6688 6688 6591 6591 6591 6455 6455 6455 6675 6675 6675 6602 2008 : 6675 6675 : : 1990-92 = 100 : 2004 : 163 163 163 159 159 159 156 156 156 161 161 161 160 2005 : 169 169 169 161 161 161 162 162 162 166 166 166 165 2006 : 174 174 174 169 169 169 168 168 168 172 172 172 171 2007 : 179 179 179 176 176 176 173 173 173 178 178 178 177 2008 : 178 178 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Family Living : : 1910-14 = 100 : 2004 : 1759 1768 1780 1786 1796 1802 1799 1800 1804 1813 1814 1807 1794 2005 : 1811 1822 1836 1848 1846 1847 1856 1865 1888 1892 1877 1869 1855 2006 : 1883 1887 1898 1914 1923 1927 1933 1937 1927 1917 1914 1917 1915 2007 : 1922 1933 1950 1963 1975 1979 1978 1975 1980 1984 1996 1995 1969 2008 : 1995 1995 : : 1990-92 = 100 : 2004 : 137 138 139 139 140 141 141 141 141 142 142 141 140 2005 : 141 142 143 144 144 144 145 146 147 148 147 146 145 2006 : 147 147 148 149 150 151 151 151 151 150 149 150 150 2007 : 150 151 152 153 154 155 155 154 155 155 156 156 154 2008 : 156 156 : : Production Items With Farm Origin 2/ : : 1990-92 = 100 : 2004 : 122 123 126 132 135 135 136 132 130 129 126 124 129 2005 : 127 126 129 134 134 134 133 133 133 135 134 135 132 2006 : 137 135 135 136 136 137 137 136 137 137 139 141 137 2007 : 141 146 149 153 152 152 154 155 155 157 158 160 153 2008 : 161 161 : : Production Items With Non-Farm Origin 3/ : : 1990-92 = 100 : 2004 : 130 131 132 132 133 133 134 135 135 137 137 137 134 2005 : 139 140 141 142 142 143 144 145 148 150 148 148 144 2006 : 152 152 152 154 155 155 156 156 154 152 153 153 154 2007 : 157 158 161 163 163 164 164 164 165 166 168 169 164 2008 : 173 173 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ Feed, livestock and poultry purchases, and seed. 3/ Fertilizer, agricultural chemicals, fuels, farm supplies and repairs, autos and trucks, farm machinery, building materials, and farm services and rent. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Parity Ratio 2/ : : 1910-14 = 100 : 2004 : 41 42 43 44 45 45 43 42 41 40 40 39 42 2005 : 38 39 40 41 40 40 39 39 38 36 37 38 39 2006 : 36 36 36 36 36 37 37 38 38 37 38 38 37 2007 : 38 39 40 40 41 41 41 42 41 41 41 42 41 2008 : 42 42 : : Adjusted Parity Ratio 3/ : : 1910-14 = 100 : 2004 : 43 44 46 46 47 47 46 45 43 42 42 41 44 2005 : 42 43 44 45 44 43 43 42 42 40 40 41 42 2006 : 38 39 39 38 39 40 40 41 41 39 41 41 40 2007 : 40 41 42 42 43 43 43 44 43 43 43 44 43 2008 : 44 44 : : Ratio : : 1990-92 = 100 : 2004 : 85 88 91 93 94 94 91 89 85 83 85 82 88 2005 : 80 81 84 85 84 83 82 81 81 76 78 79 81 2006 : 75 75 75 75 75 77 77 79 79 77 79 79 77 2007 : 79 82 84 84 85 86 87 88 87 87 86 87 85 2008 : 89 89 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. 2/ Ratio of index of prices received by farmers to index of prices paid for commodities and services, interest, taxes, and wage rates. 3/ Ratio of the index of prices received by farmers after adjustment for government payments to the index of prices paid for commodities and services, interest, taxes, and wage rates. Prices Paid Indexes: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Crop Sector (PPITW) : : 1990-92 = 100 : 2004 : 134 134 135 136 136 137 136 137 137 139 139 139 137 2005 : 143 143 144 145 145 145 146 147 149 150 149 149 146 2006 : 155 154 155 156 156 157 157 157 156 155 155 156 156 2007 : 160 161 163 166 167 167 167 166 167 168 170 171 166 2008 : 175 175 : : Livestock Sector (PPITW) : : 1990-92 = 100 : 2004 : 127 128 130 132 134 134 134 133 133 133 132 131 132 2005 : 134 134 137 138 138 138 138 139 140 141 140 141 138 2006 : 145 144 144 144 145 146 146 146 145 145 145 147 145 2007 : 149 152 154 155 155 155 156 156 157 158 159 160 156 2008 : 162 162 : : Commodities and Services, Interest, Taxes, and Wage Rates : : Adjusted for Productivity : : 1910-14 = 100 : 2004 : 1203 1205 1210 1206 1210 1212 1202 1201 1202 1218 1218 1215 1209 2005 : 1267 1269 1274 1259 1258 1260 1263 1266 1273 1287 1282 1281 1270 2006 : 1348 1347 1349 1338 1341 1343 1341 1342 1339 1347 1348 1350 1344 2007 : 1386 1391 1399 1397 1400 1401 1391 1391 1393 1412 1417 1419 1400 2008 : 1429 1429 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Feed Sub-Components : : Feed Grains : 1990-92 = 100 : 2004 : 104 113 119 124 123 119 108 101 94 91 88 87 106 2005 : 90 84 87 86 85 90 93 86 84 79 78 83 85 2006 : 87 88 90 93 96 95 97 94 97 113 127 133 101 2007 : 135 151 150 147 152 153 143 142 145 146 151 165 148 2008 : 188 188 : : Complete Feeds : 1990-92 = 100 : 2004 : 119 123 122 130 132 130 131 123 120 113 111 108 122 2005 : 111 112 114 116 118 119 121 123 120 119 115 117 117 2006 : 122 121 122 121 119 119 119 118 117 118 128 135 122 2007 : 138 141 145 142 137 140 143 141 142 147 153 157 144 2008 : 162 162 : : Hay and Forages : 1990-92 = 100 : 2004 : 106 107 108 116 129 122 119 118 118 119 116 113 116 2005 : 115 115 121 128 136 125 126 127 127 126 122 122 124 2006 : 123 127 130 138 147 142 141 140 144 146 147 148 139 2007 : 147 152 161 165 178 170 171 174 176 177 176 178 169 2008 : 173 173 : : Concentrates : 1990-92 = 100 : 2004 : 125 126 143 149 159 140 142 118 114 107 105 104 128 2005 : 114 113 122 124 128 140 138 136 129 128 126 133 128 2006 : 132 131 131 130 129 128 126 123 122 125 128 127 128 2007 : 124 145 142 140 137 144 149 150 151 155 163 162 147 2008 : 160 160 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplements : 1990-92 = 100 : 2004 : 135 134 135 138 136 136 134 131 135 133 135 138 135 2005 : 146 135 142 140 133 137 141 137 136 138 145 151 140 2006 : 154 151 157 153 148 147 153 144 141 153 166 177 154 2007 : 176 182 177 170 168 172 167 170 176 189 198 212 180 2008 : 227 227 : : Livestock and Poultry Sub-Components : : Feeder Cattle : 1990-92 = 100 : 2004 : 113 107 113 119 126 137 139 141 141 143 137 130 129 2005 : 128 128 133 138 137 137 132 134 138 143 142 141 136 2006 : 139 135 129 127 127 133 135 137 140 132 120 120 131 2007 : 115 117 124 129 128 126 132 134 134 131 128 123 127 2008 : 116 116 : : Feeder Pigs : 1990-92 = 100 : 2004 : 104 120 125 126 122 116 109 108 116 129 150 175 125 2005 : 185 186 195 194 164 139 115 110 122 139 148 170 156 2006 : 174 163 163 150 137 134 122 114 125 125 133 144 140 2007 : 158 169 171 160 152 127 111 120 109 99 96 104 131 2008 : 115 115 : : Milk Cow Replacements : 1990-92 = 100 : 2004 : 123 123 123 140 140 140 152 152 152 145 145 145 140 2005 : 144 144 144 157 157 157 162 162 162 166 166 166 157 2006 : 163 163 163 157 157 157 149 149 149 146 146 146 154 2007 : 147 147 147 153 153 153 173 173 173 179 179 179 163 2008 : 174 174 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Poultry : 1990-92 = 100 : 2004 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2005 : 110 110 110 110 110 110 110 110 110 110 110 110 110 2006 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2007 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2008 : 125 125 : : Seeds Sub-Components : : Field Crops : 1990-92 = 100 : 2004 : 162 162 162 163 163 163 163 163 163 163 163 163 163 2005 : 163 163 163 177 177 177 177 177 177 177 177 177 174 2006 : 177 177 177 191 191 191 191 191 191 191 191 191 188 2007 : 191 191 191 218 218 218 218 218 218 218 218 218 211 2008 : 218 218 : : Grasses and Legumes : 1990-92 = 100 : 2004 : 109 109 109 111 111 111 111 111 111 111 111 111 111 2005 : 111 111 111 118 118 118 118 118 118 118 118 118 116 2006 : 118 118 118 133 133 133 133 133 133 133 133 133 129 2007 : 133 133 133 142 142 142 142 142 142 142 142 142 140 2008 : 142 142 : : Fertilizer Sub-Components : : Mixed Fertilizer : 1990-92 = 100 : 2004 : 117 119 122 122 122 122 122 124 125 128 130 130 124 2005 : 133 133 134 135 136 135 137 138 143 146 147 148 139 2006 : 149 149 149 151 152 153 155 157 159 158 161 167 155 2007 : 173 177 183 189 192 194 193 194 195 198 202 206 191 2008 : 210 210 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Nitrogen : 1990-92 = 100 : 2004 : 152 156 158 157 153 156 158 163 164 170 174 176 161 2005 : 176 176 176 183 187 189 185 185 192 210 220 232 193 2006 : 236 226 220 213 209 201 192 188 186 188 188 192 203 2007 : 202 204 226 236 234 235 234 227 233 233 241 253 230 2008 : 265 265 : : Potash and Phosphate : 1990-92 = 100 : 2004 : 114 119 124 123 124 124 124 128 133 137 143 146 128 2005 : 150 152 152 155 155 160 160 162 160 160 161 163 158 2006 : 168 162 167 171 163 160 159 155 150 151 144 145 158 2007 : 149 164 186 192 190 190 202 198 215 200 213 238 195 2008 : 265 265 : : Chemicals Sub-Components : : Herbicides : 1990-92 = 100 : 2004 : 113 113 114 113 113 113 114 113 113 112 112 112 113 2005 : 114 113 113 113 114 114 116 118 119 120 121 120 116 2006 : 121 122 122 121 124 124 123 123 124 123 124 122 123 2007 : 122 122 123 123 122 122 123 123 123 125 124 126 123 2008 : 127 127 : : Insecticides : 1990-92 = 100 : 2004 : 145 145 144 143 143 144 145 143 143 142 142 143 144 2005 : 145 143 143 143 143 143 143 144 145 145 145 142 144 2006 : 142 142 140 139 143 143 143 144 145 145 147 145 143 2007 : 146 146 148 148 148 148 148 149 149 151 150 152 149 2008 : 154 154 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Fungicides and Other : 1990-92 = 100 : 2004 : 116 117 117 116 117 117 118 117 118 117 117 118 117 2005 : 120 119 119 120 120 120 121 123 124 125 125 123 122 2006 : 124 124 124 123 126 126 127 128 129 129 131 130 127 2007 : 130 131 132 133 133 133 133 133 133 135 134 136 133 2008 : 138 138 : : Fuels Sub-Components : : Diesel : 1990-92 = 100 : 2004 : 138 141 144 149 156 154 158 168 177 199 202 190 165 2005 : 187 195 215 224 215 223 231 242 273 299 248 235 232 2006 : 236 237 244 259 276 277 281 292 268 243 246 253 259 2007 : 241 242 260 277 273 275 280 281 289 301 332 327 282 2008 : 305 305 : : Gasoline : 1990-92 = 100 : 2004 : 135 141 148 152 168 167 162 160 159 170 169 158 157 2005 : 157 164 178 192 184 183 194 209 243 227 188 182 192 2006 : 192 188 199 224 237 235 242 239 208 183 181 187 210 2007 : 182 184 206 228 252 245 238 224 225 225 247 242 225 2008 : 262 262 : : LP Gas : 1990-92 = 100 : 2004 : 188 157 157 158 170 167 178 197 186 212 211 182 180 2005 : 173 176 195 191 174 174 187 205 238 247 211 235 201 2006 : 217 200 207 220 224 234 247 241 211 198 200 200 217 2007 : 184 202 210 225 234 234 244 244 266 292 316 313 247 2008 : 303 303 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Supplies & Repairs Sub-Components : : Supplies : 1990-92 = 100 : 2004 : 120 120 120 120 121 121 121 122 122 123 123 123 121 2005 : 124 124 125 126 127 127 127 131 131 132 133 134 128 2006 : 134 134 135 136 136 137 137 138 138 138 139 139 137 2007 : 140 140 140 140 140 140 140 141 140 140 141 141 140 2008 : 141 141 : : Repairs : 1990-92 = 100 : 2004 : 138 138 138 139 139 139 140 140 141 141 141 142 140 2005 : 145 145 145 146 146 146 146 146 146 147 147 147 146 2006 : 147 148 148 149 149 149 150 150 150 150 150 150 149 2007 : 153 153 153 153 153 155 155 155 156 156 155 155 154 2008 : 155 155 : : Autos and Trucks Sub-Components : : Autos : 1990-92 = 100 : 2004 : 108 108 108 108 108 107 106 106 106 106 108 108 107 2005 : 109 109 109 109 108 108 107 106 107 108 109 109 108 2006 : 110 110 110 109 109 109 109 108 109 109 109 110 109 2007 : 110 110 109 109 109 108 108 108 108 108 109 109 109 2008 : 109 109 : : Trucks : 1990-92 = 100 : 2004 : 116 116 116 115 115 115 114 113 113 113 115 116 115 2005 : 117 117 117 116 116 115 113 112 113 114 114 114 115 2006 : 115 115 115 114 113 113 112 112 111 112 112 112 113 2007 : 112 112 112 112 111 111 110 110 110 110 111 112 111 2008 : 112 112 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Machinery Sub-Components : : Tractors : 1990-92 = 100 : 2004 : 145 145 146 146 147 147 148 148 148 149 149 149 147 2005 : 152 153 153 153 154 154 155 155 155 155 157 158 155 2006 : 158 159 159 159 161 161 164 163 163 164 164 165 162 2007 : 165 165 166 166 166 166 166 166 166 168 167 167 166 2008 : 167 167 : : Self Propelled : 1990-92 = 100 : 2004 : 162 164 165 167 167 166 167 167 171 174 173 176 168 2005 : 176 176 176 176 177 178 178 180 180 181 182 182 179 2006 : 185 185 186 187 188 189 189 189 189 190 194 194 189 2007 : 195 195 196 196 196 196 196 196 196 197 199 199 196 2008 : 199 199 : : Other Machinery : 1990-92 = 100 : 2004 : 155 155 167 164 164 164 164 163 165 165 171 170 164 2005 : 172 176 176 175 176 176 177 178 178 179 179 180 177 2006 : 182 183 184 185 185 185 185 187 187 188 189 189 186 2007 : 189 190 194 195 195 195 195 195 195 195 196 196 194 2008 : 196 196 : : Services Sub-Components : : Custom Rates : 1990-92 = 100 : 2004 : 120 120 120 120 120 120 120 120 120 120 120 120 120 2005 : 121 121 121 121 121 121 121 121 121 121 121 121 121 2006 : 123 123 123 123 123 123 123 123 123 123 123 123 123 2007 : 125 125 125 125 125 125 125 125 125 125 125 125 125 2008 : 125 125 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Index Sub-Components: Monthly and Annual Average United States, 2004-2008 -------------------------------------------------------------------------------- : : : : : : : : : : : : : Year: Jan : Feb : Mar :Apr : May : Jun :Jul : Aug : Sep : Oct : Nov : Dec :Avg : : : : : : : : : : : : : 1/ -------------------------------------------------------------------------------- : Other Services : 1990-92 = 100 : 2004 : 127 127 127 127 127 129 129 130 129 128 128 128 128 2005 : 133 133 133 133 134 136 136 136 137 136 136 135 135 2006 : 141 141 141 141 142 144 144 144 144 143 142 142 142 2007 : 147 147 147 147 148 150 150 150 150 149 149 149 149 2008 : 153 153 : : Rent Sub-Components : : Cash : 1990-92 = 100 : 2004 : 153 153 153 153 153 153 153 153 153 153 153 153 153 2005 : 159 159 159 159 159 159 159 159 159 159 159 159 159 2006 : 166 166 166 166 166 166 166 166 166 166 166 166 166 2007 : 180 180 180 180 180 180 180 180 180 180 180 180 180 2008 : 195 195 : : Share : 1990-92 = 100 : 2004 : 95 95 95 95 95 95 95 95 95 95 95 95 95 2005 : 94 94 94 94 94 94 94 94 94 94 94 94 94 2006 : 111 111 111 111 111 111 111 111 111 111 111 111 111 2007 : 117 117 117 117 117 117 117 117 117 117 117 117 117 2008 : 126 126 -------------------------------------------------------------------------------- 1/ Simple average and is year-to-date for current year. Prices Paid Survey Estimates, Month Published and Level 2007 Program Schedule 1/ Survey Survey and Publication Month Level of Estimates Feed Apr Farm Production Regions and US Feeder Livestock Monthly US Seed Apr US Fertilizer Apr Fertilizer Regions and US Agricultural Chemicals Apr US Fuels Apr Farm Production Regions and US Farm Machinery Apr US Grazing Fees Jan 2/ States and Regions 1/ Data collection and publication schedule for average prices paid by producers. 2/ Survey estimates for previous year. Reliability of Prices Paid Estimates Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers to produce agricultural commodities. Conceptually, the average price when multiplied by quantity purchased should equal total producer expenditures for the item. Survey Procedures: The prices paid data are obtained from establishments that sell goods and services to farmers and ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold with an average response rate in the range of 75-80 percent. Firms are asked to report the price for the specified item "most commonly bought by farmers" or that was the "volume seller". Approximately 135 items are surveyed each April to represent all production input items purchased. The survey reference period for most items is the 5 business days centered around the 15th of the month. Separate prices paid surveys are conducted for agricultural chemicals, fuels, feed, fertilizer, machinery, and seed. Summary and Estimation Procedures: The annual April Prices Paid Survey is summarized as a nonprobability survey. Average prices reported are aggregated to the region and U.S. level using weights available from expenditure data and other administrative sources. Price recommendations are prepared by the State Field Offices and Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for individual items surveyed are combined to the regional and U.S. levels, and are published as prices paid indexes referenced to a specific base period. Prices paid indexes for new autos and trucks, building materials, farm supplies, motor supplies, and marketing containers are updated based on price changes measured in selected Bureau of Labor Statistics (BLS) indexes. Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basis for revision must be supported by additional data that directly affect the level of the estimate. More revisions are likely in April when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA to measure price change. Reliability: Current methods of summarization in April are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors for major items around 10 percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information, differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at each step in the survey process to minimize these nonsampling errors. Program Change: Effective January 1, 1995, the National Agricultural Statistics Service updated the weights and changed the construction of its prices paid and received by farmers indexes. A Federal Register Notice dated October 28, 1994 discussed these program modifications. A 1990-92 reference and base period replaced the 1977 reference and 1971-73 base weight period. Five-year moving average weights replaced the current fixed 1971-73 base period weights. The 1910-14=100 price indexes, required by statute for computing parity prices, were linked forward based on the changes in the new 1990-92=100 indexes. The new indexes were constructed by multiplying the ratios of the current prices to the base period prices by the moving average weights (adjusted for seasonal marketing patterns for the prices received indexes). Information Contacts General questions should be directed to Kevin Barnes, Chief, Environmental, Economics and Demographics Branch at (202) 720-6146. Below are the commodity specialists to contact for additional information. Crop Prices Received Jeff Geuder, Chief, Crops Branch...................................(202) 720-2127 Greg Thessen, Field Crops Section..................................(202) 720-2127 Todd Ballard - Wheat, Rye........................................(202) 720-8068 Ty Kalaus - Corn, Proso Millet, Flaxseed.........................(202) 720-9526 Shiela Corley - Cotton, Cottonseed...............................(202) 720-5944 Travis Thorson - Soybeans, Sunflower, Canola, Other Oilseeds..................................(202) 720-7369 Don Gephart - Hay, Oats, Sorghum.................................(202) 690-3234 Anthony Prillaman - Peanuts, Rice................................(202) 720-2127 Dawn Keen - Sugarcane, Sugarbeets, Barley........................(202) 720-7621 Lance Honig, Fruits,Vegetables & Special Crops Section.............(202) 720-2127 Dan Norris - Peaches, Pears, Hops, Pulses, Mint..................(202) 720-3250 Faye Propsom - Citrus, Tropical Fruits...........................(202) 720-5412 Mike Jacobsen - Apples, Apricots, Cherries, Cranberries, Plums, Prunes.......................(202) 720-4288 Leslie Colburn - Grapes, Tobacco.................................(202) 720-7235 Lance Honig - Potatoes, Dry Edible Beans, Sweet Potatoes.........(202) 720-2127 Debbie Flippin - Vegetables, Onions, Strawberries................(202) 720-2157 Doug Marousek - Tree Nuts........................................(202) 720-4215 Livestock Prices Received Dan Kerestes, Chief, Livestock Branch..............................(202) 720-3570 Shawn Clark, Livestock Section.....................................(202) 720-3570 Scott Hollis - Sheep, Lambs, Goats, Wool, Mohair.................(202) 720-4751 Jason Hardegree- Milk, Milk Cows.................................(202) 720-3278 Bruce Boess - Hogs...............................................(202) 720-3106 Mike Miller - Cattle.............................................(202) 720-3040 Darin Jantzi, Poultry and Specialty Commodities Section............(202) 720-3570 Toby Paterson - Turkeys..........................................(202) 720-0585 Sharyn Lavender - Broilers, Honey................................(202) 720-3244 Kim Linonis - Eggs...............................................(202) 690-8632 Indexes, Prices Paid, and Parity Prices Kevin Barnes, Chief, Environmental, Economics and Demographics Branch..............................................(202) 720-6146 Kevin Hintzman, Economics Section..................................(202) 720-6146 Jennifer Sissom - Prices Paid Indexes, Prices Paid for Feed, Fertilizer,Agricultural Chemicals, Seeds, Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Autos & Trucks..............(202) 690-3229 Daryl Brinkman - Prices Received Indexes, Parity Prices...................................(202) 720-8844 Kathy King - Grazing Fees........................................(202) 720-2250 ACCESS TO REPORTS!! For your convenience, there are several ways to obtain NASS reports, data products, and services: INTERNET ACCESS All NASS reports are available free of charge on the worldwide Internet. For access, connect to the Internet and go to the NASS Home Page at: www.nass.usda.gov. E-MAIL SUBSCRIPTION All NASS reports are available by subscription free of charge direct to your e-mail address. Starting with the NASS Home Page at www.nass.usda.gov, under the right navigation, Receive reports by Email, click on National or State. Follow the instructions on the screen. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - PRINTED REPORTS OR DATA PRODUCTS CALL OUR TOLL-FREE ORDER DESK: 800-999-6779 (U.S. and Canada) Other areas, please call 703-605-6220 FAX: 703-605-6900 (Visa, MasterCard, check, or money order acceptable for payment.) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ASSISTANCE For assistance with general agricultural statistics or further information about NASS or its products or services, contact the Agricultural Statistics Hotline at 800-727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: nass@nass.usda.gov. The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410 or call (800) 795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer.