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Average Prices Received by U.S. Farmers Down On The Year
WASHINGTON - Sep 29/09 - SNS -- The preliminary All Farm Products Index of Prices Received by Farmers in September, at 127%, based on 1990-92=100, was unchanged from August, judging from this USDA update on the sector.
The Crop Index is down 3 points (2.0%) and the Livestock Index decreased 1 point (0.9%). Producers received higher prices for milk, onions, grapes, and apples and lower prices for wheat, soybeans, barley, and potatoes. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly marketings of soybeans, corn, apples, and peanuts offset decreased marketings of cattle, broilers, wheat, and grapes.
The preliminary All Farm Products Index is down 27 points (18%) from September 2008. The Food Commodities Index, at 126, increased 1 point (0.8%) from last month but decreased 25 points (17%) from September 2008.
The September Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 176% of the 1990-92 average. The index is unchanged from August but 14 points (7.4%) below September 2008. Lower prices in September for complete feeds, mixed fertilizer, herbicides, and feeder cattle offset higher prices for concentrates, LP gas, feeder pigs, and potash & phosphorus.
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