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The Cost of Farming in The U.S. Up Versus Last Year
WASHINGTON - Sep 27/07 - SNS -- The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 159% of the 1990-92 average, shows the latest USDA statistics.
The index is up 1 point (0.6%) from August and 10 points (6.7%) above September 2006. Higher prices in September for nitrogen fertilizers, diesel fuel, and feeder cattle offset lower prices for complete feeds, feeder pigs, and feed grains.
The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 159 (1990-92=100), is up 0.6% from August 2007 and 6.7% from September 2006.
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