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The Cost of Farming in The U.S. Up Versus Last Year
WASHINGTON - Nov 30/07 - SNS -- The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 161% of the 1990-92 average, judging from the latest USDA sector report.
The index is up 1 point (0.6%) from October and 13 points (8.8%) above November 2006. Higher prices in November for diesel fuel, complete feeds, and gasoline offset lower prices for feeder cattle, potash & phosphate materials, and hay & forages.
The November Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 161 (1990-92=100), is up 0.6% from October 2007 and 8.8% from November 2006.
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