[Economic Indicators October, 2002]
[Page Number 25]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
PRICES RECEIVED AND PAID BY FARMERS

In October, prices received by farmers fell 4.0 percent while 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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1992......................................              98             101              97             101             101             101            97
1993......................................             101             102             100             104             103             104            97
1994......................................             100             105              95             106             105             106            94
1995......................................             102             112              92             109             108             108            93
1996......................................             112             127              99             115             115             115            98
1997 .....................................             107             115              98             118             118             119            90
1998 .....................................             102             107              97             115             114             113            89
1999......................................              95              96              95             115             113             111            83
2000 .....................................              96              96              97             120             118             116            81
2001 .....................................             102              99             106             124             122             120          r 83
 
2001:Oct .................................            r 94            r 88             104             123             121             119          r 76
      Nov ................................            r 93            r 89              99           r 122           r 120             118            76
      Dec ................................              93              90              96             122             120             117            76
 
2002:Jan .................................              95            r 93              97           r 122             121           r 117          r 78
      Feb ................................              99           r 101              97             123           r 120             117            80
      Mar ................................             106             117              95             123             121             118            86
      Apr ................................              95             100              90             123             121           r 118            77
      May ................................            r 97             106              90             123             121             118          r 79
      June ...............................              98             106              91             123             121             118            80
      July ...............................             100             111              89           r 123             121             119            81
      Aug ................................             100             114              87             124             122             120            81
      Sept ...............................              99           r 110              86             125             123             121            79
      Oct ................................              95             101              87             125             124             122            76
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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.