[Economic Indicators May, 1997]
[Page Number 25]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
PRICES RECEIVED AND PAID BY FARMERS

In May, prices received by farmers rose 0.9 percent and prices paid by 
farmers were unchanged. (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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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            97
1993......................................             101             102             100             104             102             103            97
1994......................................             100             105              95             106             105             106            94
1995......................................             102             112              92             109             108             108            93
1996......................................             112             127              99             115             114             115            98
                                                                                                                                                        
1996:May..................................             112             131              97             115             115             115            97
      June................................             118             140             100             115             115             115           103
      July................................             119             136             102             115             115             116           103
      Aug.................................             118             133             104             115             115             116           103
      Sept................................             116             125             105             116             115             116           100
      Oct.................................             112             119             103             115             115             115            97
      Nov.................................             111             118             102             115             114             114            97
      Dec.................................             110             116             103             115             114             115            96
                                                                                                                                                        
1997:Jan..................................             108             116              98             116             115             115            93
      Feb.................................             105             113              98             116             116             115            91
      Mar.................................             107             117              98             117             117             116            91
      Apr.................................             106             115              99             117             117             117            91
      May.................................             107             117             100             117             117             117            91
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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.
    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.