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Farming Costs in the U.S. Down Versus Last Month
WASHINGTON - Jul 30/10 - SNS -- The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 182% of the 1990-1992 average, according to the latest USDA update on the sector.
The index is unchanged from June but 4 points (2.2%) above July 2009. Lower prices in July for diesel, feeder pigs, nitrogen, and LP gas offset higher prices for feeder cattle, other services, concentrates, and feed grains.
The July Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) at 182 (1990-1992=100), is unchanged from June 2010 but is up 2.2% from July 2009.
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