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Farm Input Costs in the U.S. Down From Last Month
WASHINGTON - Aug 31/10 - SNS -- The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 182% of the 1990-1992 average, reveals this USDA data.
The index is unchanged from July but 5 points (2.8%) above August 2009. Lower prices in August for nitrogen, feeder pigs, feeder cattle, and hay & forages offset higher prices for concentrates, diesel, feed grains, and LP gas.
The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 182 (1990-1992=100), is unchanged from July 2010 but is up 2.8% from August 2009.
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