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Farm Input Costs in the U.S. Up From Last Year
WASHINGTON - Apr 30/07 - SNS -- The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 157% of the 1990-92 average, according to the current USDA update.
The index is up 2 points (1.3%) from March and 9 points (6.1%) above April 2006. Higher prices in April for field crop seeds, feeder cattle, diesel fuel, and gasoline more than offset lower prices for feed grains, feeder pigs, complete feeds, and feed supplements.
The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 157 (1990-92=100), increased 1.3% from March 2007 and 6.1% from April 2006.
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