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Farm Input Costs in the U.S. Up Versus Last Year
WASHINGTON - Jan 30/09 - SNS -- The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 175% of the 1990-92 average, shows today's USDA sector report.
The index is unchanged from December but 6 points (3.6%) above January 2008. Higher prices in January for taxes, cash rent, feeder cattle, and interest offset lower prices for mixed fertilizer, potash & phosphate, complete feeds, and diesel.
The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 175 (1990-92=100), is unchanged from December 2008 but is up 3.6% from January 2008.
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