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Farming Costs in the U.S. Up Versus Last Year
WASHINGTON - Aug 29/08 - SNS -- The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 194% of the 1990-92 average, according to this USDA update.
The index is up 2 points (1.0%) from July and 32 points above (20%) August 2007. Higher prices in August for complete feeds, nitrogen fertilizer, mixed fertilizer and potash & phosphate materials more than offset lower prices for diesel fuel, feed grains, LP gas, and gasoline.
The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 194 (1990-92=100), is up 1.0% from July 2008 and 20% from August 2007.
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