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Cost of farming Unchanged in June
WASHINGTON - Jun 29.06 - SNS -- The cost of farming was unchanged in the United States in June, according to the latest USDA data.
The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 147% of the 1990-92 average.
The index is unchanged from May but 6 points (4.3%) above June 2005. Lower prices in June for nitrogen fertilizers, hay and forages, complete feeds, and feed grains, were offset by higher prices for LP gas, feeder cattle, self-propelled machinery, and herbicides.
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