[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.