[Economic Indicators May, 1998]
[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 fell 1.0 percent and prices paid by 
farmers were unchanged. (Data are not seasonally adjusted.)
  ______________________________________________________________________


  ______________________________________________________________________

                                                         [1990-92=100; not seasonally adjusted]                                                         
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                      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                                
--------------------------------------------------------------------------------------------------------------------------------------------------------
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             106             106            94
1995......................................             102             112              92             109             108             108            94
1996......................................             112             126              99             114             114             114            98
1997 .....................................             107             115              98             117             117             117            91
                                                                                                                                                        
1997:May .................................             108             117             100             118             117             118            92
      June ...............................             107             119              97             117             117             117            91
      July ...............................             107             114              99             117             116             117            91
      Aug ................................             107             116              99             117             116             117            91
      Sept ...............................             107             114              99             117             117             117            91
      Oct ................................             107             114              97             117             117             116            91
      Nov ................................             107             114              98             117             117             117            91
      Dec ................................             105             111              97             117             116             116            90
                                                                                                                                                        
1998:Jan .................................             103             110              94             117             117             116            88
      Feb ................................             101             110              94             117             116             115            86
      Mar ................................             102             111              95             116             115             114            88
      Apr.................................            r104            r115              95             116             115             114           r90
      May.................................             103             113              95             116             115             114            89
--------------------------------------------------------------------------------------------------------------------------------------------------------

    \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.