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Cost of Farming in U.S. Slips in November
WASHINGTON - Nov 30/05 - SNS -- The cost of farming in the United States slipped during November, but remains well above year earlier levels, according to the USDA.
The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 143% of the 1990-92 average. The index decreased 1 point (0.7%) from October but is 8 points (5.9%) above November 2004. Lower prices in November for diesel fuel, gasoline, complete feeds, and hays & forages offset higher prices for feed concentrates, nitrogen fertilizers, building materials, and feeder pigs.
The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 143 (1990-92=100), decreased 0.7% from October 2005 but is up 5.9% from November 2004.
The November production index, at 143, decreased 0.7% from last month but increased 7.5% from last year. Lower prices in November for diesel fuel, gasoline, complete feeds, and hays & forages offset higher prices for feed concentrates, nitrogen fertilizers, building materials, and feeder pigs.
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