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No Increase in Cost of Farming
WASHINGTON - Feb 28/06 - SNS -- The February Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 146% of the 1990-92 average, reports the USDA.
The index is unchanged from January but 9 points (6.6%) above February 2005. Lower prices in February for feeder cattle, feeder pigs, LP gas, and herbicides offset higher prices for complete feeds, hay & forages, self-propelled machinery, and feed supplements.
The February Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 146 (1990-92=100), was unchanged from January 2006 but up 6.6% from February 2005.
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