[Economic Indicators July, 2003]
[Page Number 25]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
PRICES RECEIVED AND PAID BY FARMERS

In July, prices received by farmers fell 2.8 percent; prices paid by 
farmers fell 0.8 percent. (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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1993......................................             101             102             100             104             103             104            97
1994......................................             100             105              95             106             106             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 .....................................           r 101             107              97             115             114             113            89
1999......................................              96            r 97              95             115             113             111            83
2000 .....................................              96              96              97             120             118             116            80
2001 .....................................             102              99             106             123             122             120            83
2002 .....................................              98            r105              90             124            r121             119            79
 
2002:July ................................            r 99            r109              88             123             121             119           r80
      Aug ................................           r 100           r 113              87             124             122             120            81
      Sept ...............................            r 98           r 109              85             125            r122             121           r78
      Oct ................................              95             101              87             125             123             121            76
      Nov ................................              97            r103              89             125             123            r120            78
      Dec ................................             100             107              91             125             123             121            80
 
2003:Jan .................................            r100             103              96             126            r125            r122            79
      Feb.................................              99            r104              95            r127            r126            r123           r78
      Mar.................................              99            r106              93            r128            r126            r124           r77
      Apr.................................             101             111              94             128             126             123            79
      May ................................             106             117              97             127             125             123            83
      June................................            r107            r117              99            r128             126             123           r84
      July ...............................             104             108             100             127             126             123            82
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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.