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Farm Input Costs in the U.S. Down On The Month
WASHINGTON - Dec 30/09 - SNS -- The December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 177% of the 1990-92 average, shows this USDA statistics.
The index is unchanged from November but 1 point (0.6%) below December 2008. Lower prices in December for diesel, feeder cattle, other services, and potash & phosphate offset higher prices for herbicides, feeder pigs, supplements, and LP gas.
The December Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 177 (1990-92=100), is unchanged from November 2009 but down 0.6% from December 2008.
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