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The Cost of Farming in The U.S. Down From Last Month
WASHINGTON - Jun 29/10 - SNS -- The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 182% of the 1990-1992 average, reveals the current USDA report on the sector.
The index is down 1 point (0.5%) from May but is 2 points above (1.1%) June 2009. Lower prices in June for diesel, feeder cattle, supplements, and feeder pigs more than offset higher prices for complete feeds, other services, mixed fertilizer, and other machinery.
The June Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 182 (1990-1992=100), is down 0.5% from May 2010 but is up 1.1% from June 2009.
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