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The Cost of Farming in The U.S. Up From Last Month
WASHINGTON - Jan 29/10 - SNS -- The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 183% of the 1990-92 average, judging from the latest USDA report.
The index is up 4 points (2.2%) from December and 3 points (1.7%) above January 2009. Higher prices for taxes, cash rent, other services, and diesel more than offset lower prices in January for interest, feed grains, concentrates, and mixed fertilizer.
The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 183 (1990-92=100), is up 2.2% from December 2009 and 1.7% from January 2009.
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