[Economic Indicators May, 2004]
[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 5.6 percent while prices paid by 
farmers rose 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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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 .....................................             101             107              97             115             114             113            89
1999......................................              96              97              95             115             113             111            83
2000 .....................................              96              96              97             120             118             116            80
2001 .....................................             102              99             106             123             122             120            83
2002 .....................................              98             105              90             124             121             119            79
2003 .....................................             106             111             103             128             126             124            83
 
2003:May .................................             105             115              96             127             125             123            83
      June................................             107             118              99             128             126             123            84
      July ...............................             105             109             101             127             125             123            83
      Aug.................................             109             113             105             127             125             123            86
      Sept ...............................             111             111             110             129             127             125            86
      Oct.................................             113             111             116             130             128             126            87
      Nov.................................             115             114             117             130             128             127            88
      Dec ................................             114             115             112             130             128             127            88
 
2004:Jan .................................             111             113             110             131             129             127            85
      Feb ................................             116             120             112             131             130             128            89
      Mar ................................             121             120             121             133             131             130            91
      Apr r ..............................             125             123             126             133             132             131            94
      May.................................             132             127             135             134             133             132            99
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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.