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Farm Input Costs in the U.S. Down On The Year
WASHINGTON - Jun 29/09 - SNS -- The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 179% of the 1990-92 average, judging from the current USDA report.
The index is up 1 point (0.6%) from May but 8 points (4.3%) below June 2008. Higher prices in June for diesel, complete feeds, gasoline, and LP gas more than offset lower prices for feeder pigs, feeder cattle, hay & forages, and mixed fertilizer.
The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 179 (1990-92=100), is up 0.6% from May 2009 but down 4.3% from June 2008.
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