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The Cost of Farming in The U.S. Up Versus Last Month
WASHINGTON - Feb 28/07 - SNS -- The February Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 153% of the 1990-92 average, judging from the latest USDA sector report.
The index is up 1 point (0.7%) from January and 6 points (4.1%) above February 2006. Higher prices in February for complete feeds, feed grains, mixed fertilizers, and LP gas more than offset lower prices for feed concentrates, diesel fuel, herbicides, and tractors.
The February Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 153 (1990-92=100), increased 0.7% from January 2007 and 4.1% from February 2006.
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