[Economic Indicators August, 2004] [Page Number 25] [From the U.S. Government Publishing Office, www.gpo.gov] PRICES RECEIVED AND PAID BY FARMERS In August, prices received by farmers fell 3.2 percent, while prices paid by farmers rose 0.7 percent. (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 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 ..................................... 102 107 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 ..................................... 107 111 103 128 126 124 83 2003:Aug ................................. 109 113 105 127 125 123 86 Sept ............................... 111 111 110 128 126 125 87 Oct ................................ 113 111 116 129 127 126 88 Nov ................................ 116 115 117 129 128 126 90 Dec ................................ 114 116 112 129 127 126 88 2004:Jan ................................. 111 113 110 130 129 126 85 Feb ................................ 116 121 112 131 129 127 89 Mar ................................ 121 120 121 132 130 128 92 Apr ................................ 125 123 126 133 132 131 94 May ................................ 129 124 133 134 133 132 96 June .............................. 128 122 133 134 133 132 96 July ............................... 124 120 128 134 133 132 93 Aug ................................ 120 118 122 135 133 133 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.