[Economic Indicators February, 1996]
[Page Number 25]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
PRICES RECEIVED AND PAID BY FARMERS

In February, prices received by farmers fell 1.9 percent from their 
January level. Prices paid by farmers in February were up 0.9 percent 
from their January level. (Data are not seasonally adjusted.)
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                                                         [1990-92=100; not seasonally adjusted]                                                         
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                                                      Prices received by farmers                        Prices paid by farmers                          
                                           ------------------------------------------------------------------------------------------------             
                                                                                                  All                                                   
                                                                                             commodities,      Production                               
                  Period                        All farm                     Livestock and     services,        items,         Production     Ratio\2\  
                                               products          Crops         products        interest,       interest,         items                  
                                                                                              taxes, and      taxes, and                                
                                                                                             wage rates\1\    wage rates                                
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1986......................................              87              87              88              85              85              86           103
1987......................................              89              86              91              87              87              87           102
1988......................................              99             104              93              91              92              90           108
1989......................................             104             109             100              96              97              95           108
1990......................................             104             103             105              99              99              99           105
1991......................................             100             101              99             100             100             100            99
1992......................................              98             101              97             101             101             101            98
1993......................................             101             102             100             103             102             103            98
1994......................................             100             105              95             106             106             106            94
1995......................................             102             112              92             109             108             108            94
                                                                                                                                                        
1995:Feb..................................              97             101              94             108             107             107            90
      Mar.................................              99             107              93           (\3\)           (\3\)           (\3\)            92
      Apr.................................              99             113              90             108             107             107            92
      May.................................             101             117              88           (\3\)           (\3\)           (\3\)            94
      June................................             100             113              90           (\3\)           (\3\)           (\3\)            93
      July................................             101             114              91             108             107             107            94
      Aug.................................             102             114              92           (\3\)           (\3\)           (\3\)            94
      Sept................................             105             115              93           (\3\)           (\3\)           (\3\)            97
      Oct.................................             104             114              92             111             109             110            94
      Nov.................................             106             117              94           (\3\)           (\3\)           (\3\)            95
      Dec.................................             108             118              96           (\3\)           (\3\)           (\3\)            97
                                                                                                                                                        
1996:Janr.................................             108             122              94             112             111             112            96
      Feb.................................             106             121              93             113             112             113            94
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    \1\Includes items not shown 
separately.
    \2\Percentage ratio of index of 
prices received by farmers to index 
of prices paid, interest, taxes, and 
wage rates. See also footnote 3.
    \3\Beginning 1996, prices paid 
by farmers are available monthly and 
for same month a year earlier. Other 
data are for first month in quarter, 
and for each month the received/paid 
ratio is based on latest data 
available.
    Note.--The official indexes are 
published on a 1910-14 base as 
required by law. The indexes have 
been converted to a 1990-92=100 base 
to facilitate comparison with other 
indexes.

    Source: Department of 
Agriculture.