agricultural prices - cornell university · 2/1/2006 · agricultural prices agricultural...

Pr 1 (1-06)

Washington, D.C.

AgriculturalPrices

Released January 31, 2006, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department ofAgriculture. For information on Agricultural Prices see page 87, office hours 7:30 a.m. to 4:00 p.m. ET.

January Farm Prices Received Index Decreased 3 Points From Last Month

The preliminary All Farm Products Index of Prices Received by Farmers in January, at 112, based on1990-92=100, decreased 3 points (2.6 percent) from December. The Crop Index is down 3 points(2.7 percent) and the Livestock Index also decreased 3 points (2.5 percent). Producers received lowercommodity prices for lettuce, turkeys, eggs, and hogs. Higher prices were received for cattle, oranges, corn,and cotton. The overall index is also affected by the seasonal change based on a 3-year average mix ofcommodities a producer sells. Increased average marketings of cattle, soybeans, corn, and strawberries offsetdecreased marketings of grapes, tomatoes, dairy, and cotton.

Preliminary All Farm Products Index is up 1 point (0.9 percent) from January 2005. The Food CommoditiesIndex, at 118, decreased 4 points (3.3 percent) from last month but increased 2 points (1.7 percent) fromJanuary 2005.

Prices Paid Index Up 2 Points

The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates(PPITW) is 145 percent of the 1990-92 average. The index increased 2 points (1.4 percent) from Decemberand 8 points (5.8 percent) above January 2005. Higher prices in January for gasoline, LP gas, complete feeds,and feed supplements more than offset lower prices for feeder cattle, feed concentrates, milk cows, and potash& phosphate materials.

Index Summary Table

Index1990-92=100

2004 2005 2006

Dec Jan Dec Jan

Prices Received

Prices Paid

Ratio 1

111

134

83

111

137

81

115

143

80

112

145

77 1 Ratio of index of prices received by farmers to index of prices paid by farmers.

Agricultural Prices Agricultural Statistics BoardJanuary 2006 2 NASS, USDA

Prices Received by Farmers

The January All Farm Products Index is 112 percent of its 1990-92 base, down 2.6 percent from theDecember index but 0.9 percent above the January 2005 index.

ALL CROPS: The January index is 107, down 2.7 percent from December but 4.9 percent aboveJanuary 2005. From December, index decreases for vegetables, oil-bearing crops, and food grains more thanoffset the index increases for fruits & nuts and cotton.

Food Grains: The January index, at 115, is 1.7 percent below the previous month but 0.9 percent above ayear ago. The January all wheat price, at $3.48 per bushel, is down 6 cents from December but up 5 centsfrom January 2005.

Feed Grains & Hay: The January index is 90, unchanged from last month but 5.3 percent below a year ago. The corn price, at $1.96 per bushel, is up 4 cents from last month but 16 cents below January 2005. The allhay price, at $91.20 per ton, is 80 cents below December but up $3.40 from last January. Grain sorghum, at$3.15 per cwt, is 24 cents above December and 20 cents above January last year.

Oil-Bearing Crops: The January index, at 98, is down 3.9 percent from December and 2.0 percent lowerthan January 2005. The soybean price, at $5.51 per bushel, decreased 26 cents from December and is 6 centsbelow January 2005.

Cotton: The January index, at 82, is up 3.8 percent from December and 28 percent above last year. TheJanuary price, at 49.6 cents per pound, is up 1.7 cents from the previous month and 11.1 cents above lastJanuary.

Potatoes & Dry Beans: The January index, at 115, is unchanged from last month but 9.5 percent aboveJanuary 2005. The all potato price, at $7.00 per cwt, is up 7 cents from December and up $1.41 from lastJanuary. The all dry bean price, at $17.50 per cwt, is down $1.10 from the previous month and $9.70 belowJanuary 2005.

Fruits & Nuts: The January index, at 136, is up 12 percent from December and 19 percent higher than ayear ago. Price increases for oranges and grapefruit more than offset price decreases for lemons, apples, andstrawberries.

Commercial Vegetables: The January index, at 137, is down 19 percent from last month but 44 percentabove January 2005. Price decreases during January for lettuce, cucumbers, broccoli, snap beans, andcauliflower more than offset the price increase for tomatoes.

LIVESTOCK & PRODUCTS: The January index, at 117, is 2.5 percent below last month and down3.3 percent from January 2005. Compared with a year ago, prices are lower for dairy, hogs, and broilers buthigher for cattle, calves, eggs, and turkeys.

Meat Animals: The January index, at 121, is unchanged from last month and from last year. The Januaryhog price, at $41.60 per cwt, is down $2.70 from December and $11.60 lower than a year ago. The Januarybeef cattle price of $94.40 per cwt is up 80 cents from last month and $5.00 higher than January 2005.

Dairy Products: The January index, at 111, is down 1.8 percent from a month ago and 9.0 percent lowerthan January last year. The January all milk price of $14.50 per cwt is down 30 cents from last month anddown $1.40 from January 2005. The fluid grade milk price is down 20 cents and the manufactured grademilk price is down 30 cents from the previous month.

Poultry & Eggs: The January index, at 113, is down 8.1 percent from December and 7.4 percent below ayear ago. January market egg prices, at 43.8 cents per dozen, decreased 12.6 cents from December but is6.5 cents above January 2005. The January broiler price, at 38.0 cents per pound, is down 1.0 cent fromDecember and 5.0 cents below a year ago. The January turkey price, averaging 40.8 cents per pound, is down13.5 cents from the previous month but up 1.5 cents from a year earlier.


Table of Contents

U.S. Prices Received and Indexes PageNarrative ............................................................... 2Price Indexes ........................................................ 5Price Index Charts ................................................ 6U.S. Prices Received Summary ........................... 10 Charts ................................................................ 12 Selected Commodities ...................................... 16 Upland Cotton & Rice Marketings ................... 19Parity Prices ....................................................... 26Reliability Statement .......................................... 57

Monthly State Prices ReceivedApples ................................................................ 19Barley ................................................................. 17Beans, Dry Edible .............................................. 18Beef Cattle, All ................................................... 22 Calves ............................................................... 22 Cows, Beef ....................................................... 22 Steers and Heifers ............................................. 22Citrus Fruit ......................................................... 20Corn .................................................................... 17

Monthly State Prices, continued PageCotton ................................................................. 19Cottonseed .......................................................... 19Eggs ................................................................... 24Flaxseed ............................................................. 18Grain Sorghum ................................................... 17Hay ..................................................................... 19Hogs, All ............................................................ 23 Barrows and Gilts ............................................. 23 Sows ................................................................. 23Milk .................................................................... 25 Milk Cows ........................................................ 25Oats .................................................................... 17Peanuts ............................................................... 18Potatoes .............................................................. 21Sheep .................................................................. 24 Lambs ............................................................... 24Soybeans ............................................................ 17Sunflower, All .................................................... 18Wheat, All Classes ............................................. 16

Prices Received Special Features Page

Marketing Year for Specified Commodities ........................................................................................................ 28

Monthly Price Revisions Apples ............................................................................... see January 2006 Noncitrus Fruits and Nuts - Preliminary

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Grapes ................................................................................ see January 2006 Noncitrus Fruits and Nuts - Preliminary

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Peaches ............................................................................... see January 2006 Noncitrus Fruits and Nuts - Preliminary

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Pears ................................................................................... see January 2006 Noncitrus Fruits and Nuts - Preliminary

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pnf-bb/ Rice ......................................................................................................................................................................... 29 Strawberries ......................................................................................................... see January 2006 Vegetables Annual

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pvg-bban/ Vegetables ........................................................................................................... see January 2006 Vegetables Annual

http:/usda.mannlib.cornell.edu/reports/nassr/fruit/pvg-bban/

Monthly Marketings Rice ........................................................................................................................................................................... 29

Marketing Year Average Prices Rice .......................................................................................................................................................................... 29 Sweet Potatoes ......................................................................................................................................................... 28

Index of Prices Received: U.S., All Groups, Monthly and Annual, 2002-2006 ....................................................... 48

Annual Parity Price Calculations Authority for Parity Prices, Method of Computation and Prices .............................................................................. 30 Adjusted Base Prices & January 2006 Parity Prices ................................................................................................. 32 Average Base Period Prices, U.S., 1910-14 .............................................................................................................. 37 Annual Average Prices Received for Parity Computations, U.S., by Years, 1996-2005 .......................................... 38 Parity Price Equivalent for Manufacturing Grade Milk ........................................................................................... 56


Table of Contents (continued)

U.S. Prices Paid, Prices Paid Indexes and Ratios Page

Narrative ................................................................................................................................................................ 58Indexes and Parity Ratios ........................................................................................................................................ 59Charts ......................................................................................................................................................................... 61Feed Price Ratios ................................................................................................................................................... 64Reliability Statement ............................................................................................................................................. 86

U.S. Average Prices

Prices Used to Calculate Feed Price Ratios ........................................................................................................... 64Feeder Livestock ................................................................................................................................................... 64

Special Features Private Non-Irrigated Grazing Fee Rates for Cattle by Selected States and Regions ............................................ 65Prices Paid Survey Estimates, Month Published and Level .................................................................................. 85

Index of Prices Paid: 1910-14=100 and 1990-92=100 Monthly and Annual Average, United States, 2002-2006 ..................................................................................................................................... 66-84PPITW, PITW, Production Items .......................................................................................................................... 66-67Index Component Items, Interest, Taxes, Wage Rates, Farm and Non Farm Origin ............................................. 67-74Ratios .................................................................................................................................................................... 75Crop Sector, Livestock Sector, and PPITW adjusted for Productivity .................................................................. 76Index Sub-Components (1990-92=100): Monthly and Annual Averages ............................................................ 77-84

Information Contacts .......................................................................................................................................... 87


Index Numbers of Prices Received, United States,January 2006, with Comparisons

Index

1910-14=100 1990-92=100

Average1990-92

2005 2006 2005 2006

Jan Dec Jan Jan Dec Jan

All Farm Products

All Crops Food Grains Feed Grains & Hay Cotton Tobacco Oil-Bearing Crops Fruits & Nuts Commercial Vegetables Potatoes & Dry Beans Other Crops

Livestock & Products Meat Animals Dairy Products Poultry & Eggs

Food Commodities

639

500325363517

1,263554716698540493

7681,021

799282

707

504361340325

1,857548794635531578

9311,229

977343

*728

*544 *373 *323 *405

*558 *845

*1,128 *584

578

*918 *1,231

*910329

712

529365322419

539953917582586

9001,232

891303

111

102114

9564

123100114

95105117

121121122122

116

*115

*110 *117

*90 *79

*102 *121 *169 *115

117

*120121113123

*122

112

107115

9082

98136137115119

117121111113

118

* Revised.

Selected Index Numbers for Prices Received and Paid,1990-92=100, by Month, United States, 2005 and 2006

Month

Index of Prices Received Index of Prices Paid

All FarmProducts

AllCrops

Livestockand

Products

AllItems

ProductionItems

2005 2006 2005 2006 2005 2006 2005 2006 2005 2006

JanFebMarAprMayJunJulAugSepOctNovDec

111114119121119119117116116111113115

112 102107116120116120116115111103105110

107 121119121122122118118117122122121120

117 137137139140140140141141142144143143

145 134134136138138140140140141144142143

144


Prices Received, United States,January 2006, with Comparisons

Commodity Unit Average1990-92

Entire Month Preliminary

Jan2005

Dec2005

Jan2006

Dollars Dollars Dollars Dollars

Field Crops

Barley, All Feed Malting Beans, Dry Edible Chickpeas, All Large Small Corn Cotton, Upland Cottonseed 3

Flaxseed Hay, All, Baled 1

Alfalfa 1

Other 1

Lentils Oats Peanuts, In-Shell Peas, Dry Edible Austrian Winter Potatoes

Rice, Rough Sorghum Grain Soybeans Sunflower, All Tobacco, Types 11-37 6

Wheat, All Winter Durum Other Spring Hard Red Winter Soft Red Winter Hard Red Spring White

Fruit

Citrus, Equiv on-tree Grapefruit Lemons Oranges Tangelos Tangerines Temples

Noncitrus, Fresh Apples 2

Grapes 2

Peaches 2

Pears 2

Strawberries

BuBuBuCwtCwtCwtCwtBuLbTon

BuTonTonTonCwtBuLbCwtCwtCwt

CwtCwtBuCwt

Lb

BuBuBuBuBuBuBuBu

BoxBoxBoxBoxBoxBox

LbTonTonTonCwt

2.121.902.43

19.10

2.300.606

96.00

4.2776.3077.2060.00

1.220.304

5.82

7.073.755.619.50

1.740

2.962.932.863.11

3.24

5.7710.105.795.82

15.116.23

0.212506.00432.00370.0056.00

2.411.652.73

27.2023.6023.70( 4 )

2.120.385

114.00

8.8987.8094.5073.3015.001.640.1895.938.445.59

7.392.955.57

13.70

2.135

3.433.283.643.613.243.123.623.49

14.407.633.391.99

14.213.77

0.216

455.00139.00

2.491.742.70

18.6026.1026.50( 4 )

1.920.479

95.10

5.8292.0097.7078.0012.301.730.1775.04

( 4 )6.93

7.492.915.77

11.60

3.543.463.393.693.563.023.733.05

10.116.884.423.13

11.90( 5 )

0.265420.00

482.00148.00

2.411.792.72

17.5027.2027.80( 4 )

1.960.496

102.00

5.6091.2095.6079.3012.40

1.670.1764.808.007.00

7.403.155.51

11.30

3.483.383.243.67

10.975.454.831.81

14.215.31

0.260

471.00129.00

1 Mid-month price. 2 Equivalent packinghouse-door returns for CA, MI, and NY (apples only), and WA (apples, peaches, and pears). Prices as sold for other states. 3 Marketing year August - February. 4 Price not published to avoid disclosure of individual firms. 5 Insufficient sales to establish a price. 6 Monthly price estimates discontinued beginning in July 2005.


Prices Received, United States,January 2006, with Comparisons

Commodity Unit Average1990-92

Entire Month Preliminary

Jan2005

Dec2005

Jan2006


Vegetables, Fresh 1

Asparagus Broccoli Cantaloupes 2

Carrots Cauliflower Celery Corn, Sweet Cucumbers 2

Lettuce Onions Snap Beans 2

Tomatoes

Livestock

Calves Cattle, All Beef Cows 3

Steers & Heifers Milk Cows 4

Hogs, All Barrows & Gilts Sows

Lambs Sheep

Dairy and Poultry

Milk, All 5 6

Fluid Grade 6

Mfg Grade 6

Broilers, Live 7

Eggs, All 8

Market 8

Turkeys, live 7 8

CwtCwtCwtCwtCwtCwtCwtCwtCwtCwtCwtCwt

CwtCwtCwtCwtHead

CwtCwtCwt

CwtCwt

CwtCwtCwt

LbDozDozLb

79.8022.50

13.2026.8011.6015.70

11.9012.80

32.30

94.3072.9049.6077.10

1,130.00

47.7048.4039.50

56.2023.40

13.0613.1011.80

0.3170.6430.5460.380

22.60

20.3027.7012.9021.3020.2011.50

6.2971.4015.40

125.0089.4050.5094.40

1,620.00

53.2053.5045.60

114.0053.50

15.9015.9014.90

0.4300.5580.3730.393

34.1011.0022.0043.9010.7021.2064.8016.6012.3072.1096.80

134.0093.6047.2099.90

44.3044.5038.10

102.0046.90

14.8014.8014.40

0.3900.7190.5640.543

23.00

21.8022.90

8.86

25.7011.4011.6044.40

100.00

137.0094.4046.50

101.001,840.00

41.6041.9035.70

14.5014.6014.10

0.3800.6100.4380.408

Adjusted for Seasonal Variation Eggs, All Milk, All 5

DozCwt

0.5459.71

0.52616.22

0.63614.95

0.57014.80

1 Beginning January 2006, point of first sale. F.O.B. shipping point for prior years. 2 Monthly estimates began January 1995. 3 Beef cows and cull dairy cows sold for slaughter. 4 Animals sold for dairy herd replacement only. Prices available for Jan, Apr, Jul, and Oct. 5 Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 6 January 2006 Fat test percent: all milk 3.77, fluid milk 3.77, mfg grade 3.96. 7 Equivalent liveweight returns to producers for most States. Includes growers and contractors. 8 Mid-month price.


Wheat: Prices Received, by State, December and January 2006

StateAll Wheat Winter Wheat Durum Wheat Oth Spring Wheat

Dec 1 Jan 2 Dec 1 Jan 2 Dec 1 Jan 2 Dec 1 Jan 2

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

ARCACOIDILINKSMIMNMOMTNENDOHOKORSDTXWA

US

( 3 )3.363.543.323.043.043.493.003.643.353.663.433.602.993.513.123.723.923.18

3.54

( 3 )3.603.493.343.152.973.573.003.613.553.543.553.603.063.543.153.613.663.04

3.48

( 3 )3.193.543.143.043.043.493.00

( 3 )3.353.593.433.122.993.513.093.563.923.14

3.46

( 3 )3.493.493.153.152.973.573.00

( 3 )3.553.443.55

( 3 )3.063.543.103.533.662.96

3.38

( 3 )

( 3 )

3.80

3.33

3.39

( 3 )

( 3 )

( 3 )

3.20

3.24

( 3 )3.61

3.64

3.76

3.68

3.353.92

3.37

3.69

( 4 )3.65

3.61

3.70

3.70

3.503.71

3.38

3.67 1 Entire month. 2 Mid-month. 3 Price not published to avoid disclosure of individual firms. 4 Insufficient sales to establish a price.

Prices Received for Selected Agricultural Commodities, by Month,United States, 2005 and 2006 1

MonthAll Wheat Corn Soybeans Beef Cattle 2 All Hogs

2005 2006 2005 2006 2005 2006 2005 2006 2005 2006Dollars per

Bushel Dollars per

Bushel Dollars per

Bushel Dollars per

Bushel Dollars per

Bushel Dollars per

Bushel Dollars per

CwtDollars per

CwtDollars per

CwtDollars per

Cwt

JanFebMarAprMayJunJulAugSepOctNovDec

3.433.363.423.353.313.233.203.243.353.433.473.54

3.48 2.121.952.022.001.982.032.111.951.901.821.771.92

1.96 5.575.425.956.036.216.586.656.155.775.675.625.77

5.51 89.4089.0091.3094.0092.4088.5085.3084.5088.2091.1091.3093.60

94.40 53.2050.7051.2051.2054.9049.6049.8051.0049.5047.0043.6044.30

41.60

1 Current month prices are mid-month; prices for previous months are for the entire month. 2 Cows, steers and heifers.


Grains: Prices Received, by State, December and January 2006

MonthAll Barley 1 Corn Oats Soybeans Sorghum Grain

Dec 2 Jan 3 Dec 2 Jan 3 Dec 2 Jan 3 Dec 2 Jan 3 Dec 2 Jan 3

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perBushel

Dollars perCwt

Dollars perCwt

ALARCACOIDILINIAKSKYLAMIMNMSMOMTNENYNCNDOHOKORPASDTNTXUTWAWIWY

US

( 4 )( 4 )

2.81

( 4 )

2.85

2.05

2.10

1.99

( 4 )1.88

( 4 )

2.49

( 5 )( 4 )

3.06

( 4 )

3.07

2.04

2.10

2.10

( 4 )2.11

( 4 )

2.41

2.11

2.012.041.871.902.11

1.661.72

2.05

1.80

2.321.731.93

2.141.732.222.52

1.80

1.92

2.05

2.052.051.851.912.15

1.801.78

2.05

1.85

2.371.801.94

2.371.752.152.45

1.85

1.96

( 5 )

( 4 )

( 4 )1.61

2.121.50

( 5 )1.85

( 4 )

1.60( 4 )

( 4 )2.831.63

( 4 )

1.69

1.73

( 5 )

( 4 )

1.701.45

2.001.52

( 5 )1.50

( 4 )

1.50( 5 )

( 4 )2.501.73

( 5 )

1.75

1.67

5.99

5.896.015.665.505.975.895.675.656.015.93

5.55

5.585.385.91

5.516.03

5.54

5.77

5.85

5.655.535.355.305.655.805.505.315.655.60

5.40

5.295.205.60

5.285.65

5.30

5.51

( 4 )

( 4 )

2.84

3.56

2.85

3.23

3.26

2.91

( 4 )

( 4 )

3.02

3.60

3.00

3.40

3.50

3.15 1 The Three-State (MN, ND and SD) Feed Barley price is discontinued. 2 Entire month. 3 Mid-month. 4 Price not published to avoid disclosure of individual firms. 5 Insufficient sales to establish a price.

Malting and Feed Barley: Prices Received Selected State,December and January 2006

StateMalting Barley Feed Barley

Dec 1 Jan 2 Dec 1 Jan 2

Dollars per Bushel Dollars per Bushel Dollars per Bushel Dollars per Bushel

IDMNMTNDSDWY

2.97( 3 )

3.042.212.06

( 3 )

( 3 )( 3 )

3.282.252.10

( 3 )

2.03( 3 )

1.651.471.47

( 4 )

2.00( 3 )

1.671.40

( 4 )( 3 )

1 Entire month. 2 Mid-month. 3 Price not published to avoid disclosure of individual firms. 4 Insufficient sales to establish a price.


Field Crops: Prices Received, by State, December and January 2006

StateDry Edible

BeansAll

Sunflower Flaxseed Peanuts 4


Dollars perCwt

Dollars perCwt

Dollars perCwt

Dollars perCwt

Dollars perBushel

Dollars perBushel

Dollars perPound

Dollars perPound

ALCACOFLGAIDINKSKYMDMIMNMONENCNDOHOKSCSDTNTXVAWV

US

44.8017.70

20.60

20.3019.00

16.40

14.90

18.60

45.7019.50

19.50

20.00( 5 )

16.10

13.90

17.50

8.49

16.00

12.00

12.60

11.60

8.09

15.60

11.50

11.40

11.30

5.82

( 6 )

5.82

5.60

( 6 )

5.60

( 5 )

( 5 )0.169

( 5 )

( 5 )0.218

0.177

( 5 )

( 5 )0.173

0.198

0.177( 5 )

0.176 1 Entire month. 2 Mid-month. 3 Based on sales through first half of month. 4 In-Shell. 5 Price not published to avoid disclosure of individual firms. 6 Insufficient sales to establish a price.


Field Crops and Apples: Prices Received, by State,December 2005 and January 2006

StateUpland Cotton

January

Cotton-seed 5

Hay, Baled 3 ApplesFresh

Use 1 4Dec 1 Jan 2 All Alfalfa Other

Dollars per Pound Dollars per Pound Dollars per Ton Dollars per Ton Dollars per Ton Dollars per Ton Dol/Lb

ALAZARCACOGAIDILIAKSKYLAMIMNMSMOMTNENVNMNYNCNDOHOKORPASDTNTXUTVAWAWIWY

US

0.5060.5290.4810.679

0.501

0.473

0.486

0.461

0.4860.456

0.479

( 6 )( 6 )

0.4870.780

0.510

0.488

0.492

0.474

0.4870.469

0.496

81.00136.00( 7 )( 6 )

74.00

( 7 )

( 7 )

( 6 )

86.00

( 7 )100.00

102.00

125.00

131.00103.00

106.0099.0081.0069.0084.00

99.0068.00

65.0062.0050.00

119.00123.00121.00

49.00111.0091.00

111.00139.0063.00

97.0094.00

112.00109.0076.00

91.20

125.00

138.00103.00

107.00103.0085.0074.00

120.00

100.0074.00

107.0062.0050.00

119.00125.00135.00

55.00130.00106.00120.00164.0065.00

137.0095.00

110.00115.0077.00

95.60

120.00

93.0099.00

77.0082.0058.0052.0070.00

80.0051.00

53.0062.0046.00

115.00102.0090.00

39.0074.0071.0092.00

127.0051.00

93.0080.00

120.0080.0072.00

79.30

0.473

0.195

0.268

0.360

0.240

0.2800.258

0.260 1 Entire month. 2 Based on sales during the first half of the month. 3 Mid-month. 4 Equivalent packinghouse-door returns for CA, MI, NY, and WA. Price at point of first sale for other States. 5 Marketing year August - February. 6 Price not published to avoid disclosure of individual firms. 7 Insufficient sales to establish a price.

Upland Cotton and Rice: Prices Received and Marketings,United States, January 2006, with Comparisons

Item Unit Nov 2005 1 Dec 2005 1 Jan 2006 2

Upland Cotton Average Price Marketings 3

Rice Average Price Marketings 4

Dollars per Pound1,000 Bales

Dollars per Cwt1,000 Cwt

0.4851,831

7.3415,288

0.4793,264

7.4916,064

0.496NA

7.40NA

1 Entire month. 2 Based on purchases for the first half of the month. 3 Marketings based on a survey of cotton buyers in the major producing States - AL, AZ, AR, CA, GA, LA, MS, NC, TN, and TX. 4 Purchases by private firms and rice (rough equivalent) shipped by cooperatives.


Citrus Fruit: Prices and Equivalent Returns, by Utilization,by State and United States, January 2006

Commodity,State

and Type

F.O.B.PackedFresh

Equivalent Returns 1

Packinghouse-door On-tree

All Fresh Process All Fresh Process

Dollars per Box Dollars per Box Dollars per Box Dollars per Box Dollars per Box Dollars per Box Dollars per Box

Grapefruit AZ CA FL White Colored TX

US

Lemons AZ CA

US

Oranges AZ Navel and Misc CA Navel and Misc FL Early and Mids TX Early and Mids

US

Tangelos FL

Tangerines AZ CA FL

US

Temples FL

24.5020.7026.2027.4025.6028.70

26.20

24.5025.70

25.20

17.80

19.80

15.30

16.50

19.00

18.00

29.8029.4031.50

30.70

20.00

17.7312.9813.6213.6113.6212.16

13.27

8.4711.05

9.97

7.76

10.14

6.22

5.43

7.11

4.52

18.7618.6916.43

17.29

7.98

17.7313.9317.9918.9017.5018.31

17.64

13.9915.19

14.74

10.12

12.12

6.70

6.00

11.13

8.80

22.4622.0621.20

21.62

10.80

-0.299.32

10.208.302.00

7.92

-0.40 -0.40

-0.40

0.37

0.37

6.20

3.40

5.90

3.40

0.280.284.45

3.40

3.50

15.3110.5610.9911.0910.9110.97

10.97

3.956.53

5.45

5.20

7.58

4.01

4.04

4.83

1.81

16.1716.1013.06

14.21

5.31

15.3111.5115.5916.5015.1017.10

15.53

9.4710.67

10.22

7.56

9.56

4.30

4.60

8.63

6.05

19.8719.4718.00

18.68

8.05

-2.716.467.605.150.84

5.37

-4.92 -4.92

-4.92

-2.19

-2.19

4.00

2.04

3.68

0.70

-2.31 -2.31

0.65

-0.10

0.95 1 Net lbs. per box: Grapefruit - AZ & CA-67, FL-85, TX-80; Lemons - 76; Oranges - AZ & CA-75, FL-90, TX-85; Tangelos - 90;

Tangerines - AZ & CA-75, FL-95; Temples - 90.


Potatoes: Prices Received, by State, December 2005 and January 2006 1

State Dec Jan State Dec Jan

Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt

ALAZCA - All - Winter - Spring - Summer - FallCO - All 2

- Fresh 3

FLID - All 2

- Fresh 3

- ProcessingMEMIMNNY

10.0017.10

8.108.408.95

5.306.204.808.157.906.40

12.70

13.1017.00

8.108.70

NA

5.20NANA

8.208.406.05

12.80

NCND - All 2

- Fresh 3

- ProcessingOH 4

ORPA 4

TXVAWA - All - ProcessingWI - All 2

- Fresh 3

- Processing

US - All 2

- Fresh 3

- Processing

7.5510.30

6.60

5.85

6.305.558.909.457.10

6.938.965.52

7.05NANA

5.65

6.25NA

8.25NANA

7.00NANA

1 Missing data indicates no potatoes being marketed. 2 Average price of potatoes sold for all uses, including table stocks, processing, seed and livestock feed. 3 Fresh market prices only, includes table stock prices. 4 Estimates discontinued in 2005.


Cattle: Prices Received, by State, December and January 2006

StateCows 1 Steers & Heifers Beef Cattle 4 Calves


Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt

AZARCACOFLGAIDILIAKSKYLAMIMNMOMTNENMNDOHOKORPASDTNTXVAWIWY

US

47.6041.0044.8046.8043.5046.6045.7050.0048.4047.2045.0043.6050.0050.9046.9049.2047.7047.2050.0043.5047.7042.0046.5049.1042.0044.0041.7048.5050.80

47.20

48.5042.2046.5047.7043.0047.5044.7050.0047.0046.5044.0043.0050.0049.0046.2049.4046.8045.4048.0041.0045.0045.0046.2047.4044.0043.0041.1047.6050.00

46.50

103.00110.00

95.60119.00

96.7099.8096.8095.0094.4097.90

104.00102.00

86.0089.00

113.00120.00100.00114.00120.00

92.50114.00104.00

88.50111.00105.00

97.70100.00

90.80117.00

99.90

103.00110.00

99.10119.00

96.30102.00

99.1095.0092.0097.20

104.00105.00

86.0091.00

113.00119.00102.00112.00122.00

92.50113.00103.00

90.40113.00105.00

99.00100.00

90.10116.00

101.00

102.0089.3069.20

118.0075.3064.7082.5094.1093.5096.4089.8062.3075.2082.1099.1098.8098.4083.90

106.0087.60

108.0085.4077.6094.9079.8092.3074.9066.3097.10

93.60

102.0089.7071.70

118.0071.7065.5084.4094.1091.1095.2089.6061.6075.2083.4093.00

102.00100.00

83.40115.00

87.40107.00

85.6078.90

102.0080.6094.0074.7065.50

106.00

94.40

123.00131.00128.00137.00124.00125.00130.00123.00128.00143.00121.00122.00138.00133.00133.00147.00146.00129.00137.00119.00133.00124.00118.00143.00117.00132.00122.00172.00146.00

134.00

125.00133.00135.00139.00127.00128.00130.00120.00128.00144.00126.00127.00136.00140.00137.00146.00152.00131.00139.00120.00134.00126.00116.00144.00122.00137.00121.00171.00148.00

137.00 1 Beef cows and cull dairy cows sold for slaughter. 2 Entire month. 3 Mid-month. 4 “Cows” and “steers and heifers” combined.


Hogs: Prices Received, by State, December and January 2006

StateSows Barrows and Gilts All Hogs

Dec 1 Jan 2 Dec 1 Jan 2 Dec 1 Jan 2

Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt Dollars per Cwt

ARILINIAKSMNMONENCOHOKPASD

US

39.2036.5042.8038.5038.0037.6037.5038.5038.5037.9036.1036.1035.80

38.10

36.7033.9041.3036.5036.5035.5035.5035.5036.2035.2033.9034.8033.20

35.70

41.0046.0043.8045.3041.9044.7041.1046.0044.6044.3038.9043.1045.40

44.50

39.1042.2040.5043.3039.9042.5037.9043.2041.3041.0037.1039.5042.90

41.90

40.8045.2043.7045.2041.4044.7040.9045.9044.5043.9038.5042.1044.30

44.30

38.9041.5040.6043.2039.5042.5037.7043.0041.2040.7036.6038.8041.60

41.60 1 Entire month. 2 Mid-month.


Sheep and Poultry: Prices Received, by State, December and January 2006

StateDecember January

Sheep 1 Lambs 1 Eggs 2 3

Dollars per Cwt Dollars per Cwt Dollars per Dozen

ALARCACOCTFLGAIDINIAKYMEMIMNMSMOMTNENYNCNDOHORPASCSDTXVAWAWVWY

US

48.0044.40

42.00

49.7052.00

44.00

50.0045.7051.20

47.0046.3047.5054.00

50.7056.4043.00

45.2043.60

46.90

89.50102.00

95.00

90.00108.00

90.00

101.00124.00

90.00

114.00105.00

95.90115.00

123.00117.00113.00

113.00122.00

102.00

0.4500.4200.540

0.5500.5000.480

0.4050.356

0.6600.3600.4110.4200.360

0.4100.420

0.510

0.4500.520

0.390

0.490

0.438 1 Entire month. 2 Mid-month. 3 Market (table) eggs.


Milk and Milk Cows: Prices Received, by State, December and January 2006

State

December 1 January

Fluid GradeMilk 2

ManufacturingGrade Milk All Milk 3 All Milk 3 4

MilkCows 5

Price FatTest Price Fat

Test Price FatTest Price Fat

Test

Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Cwt Percent Dol/Head

AZCACOFLIDILINIAKSKYMIMNMONMNYOHORPATXVTVAWAWI

US

14.4013.7014.3018.0013.8015.5015.2015.6014.2015.5015.1015.2015.3014.0015.2015.7014.7016.6015.1015.5016.5014.7015.30

14.80

3.703.793.703.733.823.943.893.833.803.833.773.863.853.763.843.843.853.853.933.853.773.853.86

3.82

14.60

14.4015.4013.7014.20

13.3013.5014.30

14.60

13.70

14.50

14.40

4.19

4.173.804.063.98

3.823.954.08

4.05

3.90

4.05

4.08

14.4013.7314.3018.0013.8015.5015.1015.6014.2015.5015.1015.1015.3014.0015.2015.6014.7016.6015.1015.5016.5014.7015.30

14.80

3.703.803.703.733.823.943.903.833.803.833.773.863.863.763.843.853.853.853.933.853.773.853.87

3.83

14.3013.2014.1017.8013.6015.3014.9015.2013.9015.3015.1014.9014.9013.4014.7015.5014.5016.5014.9015.3016.0014.5015.10

14.50

3.683.803.653.733.793.903.863.803.803.803.733.843.773.683.823.863.833.853.903.813.703.833.84

3.81

1,9501,8002,1001,9801,9001,7801,8001,7501,7301,8102,0001,7901,6601,8601,7101,8401,8801,9001,9001,8501,8501,8501,880

1,840 1 Entire month. 2 Including milk diverted to manufacturing. 3 Before deductions for hauling. Includes quality, quantity, and other premiums. Excludes hauling subsidies. 4 Preliminary. 5 Animals sold for dairy herd replacement only. Prices published January, April, July and October.

Parity Price Equivalent for Manufacturing Milk 1: United States,December and January 2006, with Comparisons

Item Unit Jan 2005 Dec 2005 Jan 2006

Parity EquivalentAverage Price F.O.B 2

Average Fat Test of Milk 2

Dollars per CwtDollars per CwtPercent

32.0814.90

3.93

34.2814.40

4.08

34.1514.10

4.03 1 The parity price equivalent during 2006 is 90.1 percent of the parity price of all milk sold to plants, compared with 91.4 percent in

2005. For additional details, see January 2006 issue of “Agricultural Prices”. 2 Preliminary for January 2006.


United States Parity Prices for Farm Products and Average Prices Received asPercent of Parity Prices Based on Data for January 2006, with Comparisons 1

Commodity and UnitAdjusted

BasePrice

Parity PriceBased on Data for

Price as Percentof Parity

Jan2005

Dec2006

Jan2006

Jan2005

Dec2006

Jan2006

Dollars Dollars Dollars Dollars Percent Percent Percent

Basic Commodities All Wheat, Bu Rice, Cwt Corn, Bu Cotton, Lb American Upland Extra Long Staple Peanuts, Lb

Designated Nonbasic All Milk, Sold to Plants, Per Cwt 2

Honey, Extracted, Lb 3

Wool and Mohair Wool, Lb Mohair, Lb

Other Nonbasic Barley, Bu Canola, Cwt Cottonseed, Ton Dry Edible Beans, Cwt Flaxseed, Bu Mustard Seed, Cwt Oats, Bu Potatoes, Cwt Rapeseed, Cwt Rye, Bu Safflower, Cwt Sorghum Grain, Cwt Soybeans, Bu All Sunflower, Cwt Sweetpotatoes, Cwt Apples, Fresh, Lb 4

Citrus (equiv on-tree), Box Grapefruit Lemons Oranges Tangerines Temples (FL) Beef Cattle, Cwt Calves, Cwt Hogs, Cwt Lambs, Cwt Sheep, Cwt Eggs, Doz 2

Turkeys, Live, Lb

0.5351.450.398

0.1170.1380.0350

1.970.1210

0.08300.339

0.3721.38

15.402.810.7951.960.2210.8231.610.3551.860.6170.8801.682.330.0270

0.5101.160.5911.390.3949.87

13.705.99

11.904.890.09100.0560

9.7528.20

6.55

1.952.490.640

34.101.82

1.525.77

6.5028.00

273.0050.5012.6037.80

3.8214.8031.00

6.1036.9010.7015.4030.0038.90

0.510

6.6919.0010.7024.60

7.80165.00221.00102.00195.00

81.301.640.990

10.6026.20

7.08

1.812.700.666

37.502.28

1.736.33

7.1729.60

295.0053.6014.3040.30

4.2015.9033.10

6.7539.4011.5017.1031.6043.90

0.555

7.4921.3010.9025.70

7.21184.00249.00114.00223.00

89.801.791.070

10.3027.90

7.66

2.252.660.674

37.902.28

1.606.53

7.1626.60

296.0054.1015.3037.70

4.2515.8031.00

6.8335.8011.9016.9032.3044.90

0.520

10.4022.3011.4026.80

7.58190.00264.00115.00229.00

94.101.751.080

352632

20

30

48

37

425471

4338

283646

31

2154032584854575258663240

332927

26

27

40

35

323541

4144

253437

40

135324146

51543946523651

342726

22

26

39

34

343237

3944

263335

42

10524425350505236

3338

--continued


Parity Prices Based on Data for January 2006, United States 1 (continued)

Other NonbasicCommodities

AdjBaseBase

ParityPrice

Other NonbasicCommodities

AdjBaseBase

ParityPrice


Field Crops and Misc Commodities Hops, Lb Spearmint Oil, Lb Tobacco, Lb Flue-Cured, 11-14 VA Fire-Cured, 21 KY-TN Fire-Cured, 22-23 Burley, 31 Maryland, 32 Dark Air-Cured, 35-36 Sun-Cured, 37 PA Seedleaf, 41 Cigar Filler & Binder, 42-44, 54-55 Puerto Rican Filler, 46 Cigar Binder, 51-52 Type 61

Noncitrus Fruit Apples, Ton 6

Processing Apricots, Ton Fresh 7

Dried, CA Avocados, Ton 7

Cherries Sweet, Ton Tart, Lb Cranberry, Bbl 5

Dates, CA, Ton 7

Grapes, Ton Raisin Variety Other Dried Kiwifruit, Ton Nectarines Fresh, CA, Ton 7

0.2471.44

0.2470.258

0.3230.2660.202

0.2850.2370.201

0.222

0.159

0.7603.21

17.60

101.00270.00233.00

195.000.03405.35

214.00

121.0070.8089.20

61.20

4.7527.70

4.754.97

6.225.123.89

5.494.563.87

4.27

3.06

14.6061.80

339.00

1,940.005,200.004,490.00

3,750.000.655

103.004,120.00

2,330.001,360.001,720.00

1,180.00

Noncitrus Fruit, Continued Olives, CA canning, Ton 5

Papayas (HA) Peaches Fresh, Ton 4

Dried, CA, Ton Processing 5

Excl Dried Clingstone, CA, Ton Pears, Ton Fresh 4

Dried, CA 6

Plums, CA, Ton Fresh, Equiv on-Tree Prunes, Dried, CA, Ton 6

Prunes and Plums, Excl CA, Ton Fresh 9

Processing 6

Excl Dried

Tree Nuts 10

Almonds, Lb Hazelnuts, Ton Pistachio, Lb Walnuts, Ton

Vegetables, Cwt 11

Fresh Carrots 8

Cauliflower 8

Celery 8

Honeydew Melons Lettuce Onions 8

Tomatoes

92.300.0510

83.09

77.00

33.40

54.50171.00

60.10

132.00

62.40

28.80

0.221150.00

0.168173.00

2.304.441.912.642.361.654.61

1,777.000.982

1,600.00

1,480.00

643.00

1,050.003,290.00

1,160.00

2,540.00

1,200.00

554.00

4.252,890.00

3.233,330.00

44.3085.5036.8050.8045.4031.8088.70

1 Parity prices are computed under the provisions of Title III, Subtitle a, Section 301 (a) of the Agricultural Adjustment Actof 1938 as amended by the Agricultural Acts of 1948, 1949, and 1956. See January “Agricultural Prices” for details onadjusted base price and parity price computations.

2 Seasonally adjusted price as percentage of parity price. 3 Wholesale extracted. Adjusted base price derived from state annual averages prices weighted by production. For 1982

through 1985 the national averages are the support prices. 4 Equivalent packinghouse-door returns for CA, NY (apples only), OR (except peaches), and WA. Price at point of first sale

for other states. 5 Equivalent returns for bulk fruit at first delivery point. 6 Equivalent returns at processing plant door. 7 Equivalent returns at packinghouse door. 8 Includes some processing. 9 Based on “as sold” prices for fresh fruit in all states.10 Prices in-shell basis except almonds which are shelled basis.11 F.O.B. shipping point prices.


Marketing Year for Specified Commodities

Apples (Fresh): July1 to June 30 for U.S.; June 1 to May 31 for Arkansas, California, Georgia, Illinois,Iowa, Indiana, Kansas, Kentucky, Michigan, Missouri, New Mexico, North Carolina, Ohio, South Carolina,Tennessee, Wisconsin; August 1 to July 31 for Oregon and Washington; July 1 - June 30 for Arizona, Colorado, Connecticut, Idaho, Maine, Maryland, Massachusetts, NewHampshire, New Jersey, New York, Pennsylvania, Rhode Island, Utah, Vermont, Virginia, West Virginia.

Grapes (Fresh): May 25 to April 30 for U.S.; June 5 to July 15 for Arizona; May 25 to April 30 forCalifornia; July 10 to October 31 for Arkansas, Georgia, Michigan, Missouri, New York, North Carolina,Ohio, and Pennsylvania.

Peaches (Fresh): May 1 to October 31 for U.S.; May 20 to August 31 for Georgia and South Carolina; June1 to September 30 for Alabama, Arkansas, California, Colorado, Illinois, Kentucky, Louisiana, Missouri,North Carolina, Ohio, Oklahoma, Tennessee, Texas, Utah, and Virginia, August 1 to September 30 forConnecticut, Massachusetts, Idaho, Michigan, and New York; July 1 to September 30 for Indiana, Maryland,New Jersey, Oregon, Pennsylvania, Washington, and West Virginia.

Pears (Fresh): July to June for U.S.; July 1 - April 30 for California; August 10 to May 31 for Oregon andWashington; July 1 to December 15 for Colorado, Connecticut, Michigan, New York, Pennsylvania, andUtah.

Rice: August 1 to July 31 for U.S.; July 1 to June 30 for Louisiana and Texas; August 1 to July 31 forArkansas and Mississippi; October 1 to September 30 for California; September 1 to August 31 for Missouri.

Sweet Potatoes: July - June for U.S.; July 1 - June 30 for Alabama and California; July 1 - May 31 forGeorgia, Louisiana, North Carolina and Texas; August 1 - May 31 for South Carolina, and Virginia; andAugust 1 - July 31 for New Jersey.

Sweet Potatoes: Marketing Year Average Prices Received,by State and United States, 2003-2005

State 2003 2004 2005 1

Dollars per Cwt Dollars per Cwt Dollars per Cwt

ALCALAMSNJNCSCTXVA

US

25.5025.2020.0020.8025.8014.5012.5019.0012.20

19.20

20.8025.0017.7017.7026.3013.5015.0016.8012.80

17.50

16.2029.5018.7020.9023.7014.0015.9010.4011.30

19.60 1 Preliminary.


Rice: Marketing Year Average Prices Received,by State and United States, 2003 and 2004

State 2003 2004

All

Dollars per Cwt Dollars per Cwt

ARCALAMSMOTX

US 1

7.7010.40

7.687.347.207.35

8.08

7.137.347.777.486.987.96

7.33

Length of Grain

US: Long Medium & Short

7.60

9.94

7.34

7.29 1 Based on state prices weighted by marketings for August through July.

All Rice: Monthly Prices Received, Monthly Farm Marketing Percentages, andMarketing Year Average Prices, United States, 2003-2004 through 2005-2006 1

MonthPrices Received Farm Marketings 2

2003-2004 2004-2005 2005-2006 4 2003-2004 2004-2005 2005-2006 4

AugSepOctNovDecJan 3

FebMarAprMayJunJul

MYA

5.936.567.157.808.558.578.238.458.658.829.309.37

8.08

8.938.467.597.387.377.396.906.976.986.986.966.82

7.33

6.556.716.937.347.49

8,54213,48916,50711,21716,40819,55412,64112,86110,176

8,7239,0218,180

147,319

9,10412,71913,59011,34313,31021,85915,62215,95914,85914,19313,84113,536

169,935

13,95215,08315,56615,28816,064

1 Marketing year average (MYA) prices are weighted average prices for the U.S. marketing year of August - July. 2 Purchases from producers as reported by private firms and rice (rough equivalent) shipped from producers as reported by

cooperative mills. 3 Second year. 4 Prices and marketings include late reports and revised data for August 2005 - November 2005.


Parity Prices

Parity prices based on data for January 2006 and adjusted base price data from which parity prices arecomputed, are presented in the table on pages 32 through 35. Annual average prices for 1995 through 2004for use in parity computations, and ten-year averages for 1995-2004 and 1996-2005 are shown on pages 38through 47.

Parity Prices shown on the following pages are computed under the provisions of Title III. Subtitle A, Section301(a) of the Agricultural Adjustment Act of 1938 as amended by the Agricultural Acts of 1948, 1949, 1954,and 1956.

The major provisions of the amended Act relating to the calculation of parity prices are as follows:

"(1) (A) The 'parity price' for any agricultural commodity, as of any date, shall be determined by multiplyingthe adjusted base price of such commodity as of such date by the parity index as of such date.

"(B) The 'adjusted base price' of any agricultural commodity, as of any date, shall be (i) the average of theprices received by farmers for such commodity, at such time as the Secretary may select during each year ofthe ten-year period ending on the 31st of December last before such date, or during each marketing seasonbeginning in such period if the Secretary determines use of a calendar year basis to be impracticable, dividedby (ii) the ratio of the general level of prices received by farmers for agricultural commodities during theperiod January 1910 to December 1914, inclusive.

"(C) The 'parity index', as of any date, shall be the ratio of (i) the general level of prices for articles andservices that farmers buy, wages paid hired farm labor, interest on farm indebtedness secured by farm realestate, and taxes on farm real estate, for the calendar month ending last before such date to (ii) the generallevel of such prices, wages, rates, and taxes during the period January 1910 to December 1914, inclusive.

"(D) The prices and indexes provided for herein, and the data used in computing them, shall be determined bythe Secretary, whose determination shall be final."

Section 301(a) (1) (F) outlines authority for the Secretary of Agriculture to make special adjustments in themethod of computing parity prices for particular commodities if the method outlined in the Act results inparity prices seriously out of line with those of other commodities.

The parity prices shown in this report are based on the provisions of the amended Act. Briefly, the actualmethod of computation is as follows:

a. The average of prices received by farmers for individual commodities for the 10 preceding years iscalculated (for 2006 this is the 1996-2005 average). An allowance for unredeemed loans and othersupplemental payments resulting from price support programs, such as the deficiency payments for grains andcotton, is included for those commodities for which applicable.

b. This 10-year average is divided by the average of the Index of Prices Received by Farmers for the same 10preceding calendar years, adjusted to include an allowance for unredeemed loans and other supplementalprice support operations, to give an "adjusted base price".

c. Parity prices are computed by multiplying the "adjusted base prices" by the current Parity Index (the Indexof Prices Paid by Farmers, including Interest, Taxes, and Wage Rates, 1910-14=100).


Parity prices are calculated in terms of prices received by farmers in the local markets in which they ordinarilysell. This means that the parity prices apply to the average of all classes and grades of the commodity as soldby all farmers in the United States, except as otherwise specified. Fruits and vegetables for fresh use and forprocessing are usually considered separate commodities and separate parity prices are calculated. TheAgricultural Marketing Agreement Act of 1937 provided for parity prices for certain commodities covered bya marketing agreement or order program. Under present legislation, U.S. parity prices, with appropriateadjustments where needed, may be used for the purpose of this Act.

The indexes used in the computation of parity prices are published currently in "Agricultural Prices".

For the purpose of illustrating the computation of parity prices, the calculation of the parity price for cornbased on data for January 2006 is given below.

The 120-month, January 1996-December 2005 average of prices received by farmers for corn was $2.85 perbushel, adjusted to allow for unredeemed loans and other supplemental payments resulting from price supportoperations. The 120-month average of the Index of Prices Received by Farmers, adjusted to include anallowance for unredeemed loans, etc., was 716 (1910-14=100). Dividing $2.85 by 7.16 gives $0.398 perbushel, the adjusted base price which is multiplied by 1925 percent, the Parity Index (1910-14=100), basedon data for January 2006. This gives $7.76 per bushel, the parity price of corn during January 2006.

Average Base Period Prices Received by Farmers, US, 1910-14

CommodityPricePerUnit

AverageJan 1910-Dec 1914

CommodityPricePerUnit

AverageJan 1910-Dec 1914

All WheatRice RoughCornOatsAll BarleyAll Hay, BaledCottonPeanutsCottonseedFlaxseedPotatoes

Dol/BuDol/CwtDol/BuDol/BuDol/BuDol/Ton Ct/Lb Ct/LbDol/TonDol/BuDol/Cwt

0.8801.810.6490.3990.617

11.9011.92

4.8321.80

1.681.13

Sweet PotatoesDry Edible BeansAll Beef CattleCalvesAll HogsLambsSheepAll MilkAll EggsTurkeys, LiveWool

Dol/CwtDol/CwtDol/CwtDol/CwtDol/CwtDol/CwtDol/CwtDol/CwtCt/Doz Ct/Lb Ct/Lb

1.613.395.526.847.295.964.591.61

21.614.317.8

The Parity Ratio

The parity ratio (the Index of Prices Received by Farmers for the products they sell divided by the ParityIndex (1910-14=100) provides an indication of the per unit purchasing power of farm commodities generallyin terms of the goods and services currently bought by farmers, in relation to purchasing power of farmproducts in the 1910-14 base period. Thus, a Parity Ratio less than 100 indicates that the average per unitpurchasing power of all farm products is lower than during the 1910-14 period.

The parity ratio is a measure of price relationships; not a measure of farm income, farmers' total purchasingpower, or farmers' welfare. The latter depends upon a number of factors other than price relationships, suchas changes in production efficiency and technology, quantities of farm products sold, and supplementaryincome, including that from off-farm jobs and federal programs.

An adjusted parity ratio is computed and published which incorporates supplementary income for federalfarm programs. A "preliminary adjusted parity ratio reflecting government payments" based on the forecastof direct government payments for the year is published each quarter in "Agricultural Prices".


Adjusted Base Prices and United States Parity PricesBased on Data for January, 2006


BasePrice 1

Parity PriceBased ondata for

Jan 2006 2

Dollars Dollars

Basic Commodities All Wheat, Bu 3

Rice, Cwt 3

Corn, Bu 3

Cotton, Lb American Upland 3

Extra Long Staple Peanuts, Lb Tobacco, Lb Flue-Cured, Types 11-14 VA Fire-Cured, Type 21 KY-TN Fire-Cured, Types 22-23 Burley, Type 31 Maryland, Type 32 Dark Air-Cured, Types 35-36 Sun-Cured, Type 37 PA SeedLeaf, Type 41 Cigar Filler & Binder, Types 42-44, 54-55 Puerto Rican Filler, Type 46 Cigar Binder, Types 51-52

Designated Nonbasic Commodities Soybeans, Bu 3

All Milk Sold to Plants, Cwt Honey, Wholesale, Lb Extracted

Wool and Mohair Wool, Lb 3

Mohair, Lb

Other Nonbasic Commodities Field Crops and Misc All Barley, Bu 3

Canola, Cwt Cottonseed, Ton All Dry Edible Beans, Cwt Flaxseed, Bu All Hay, Baled, Ton Hops, Lb Mustard Seed, Cwt Oats, Bu 3

Peppermint Oil, Lb 3

All Potatoes, Cwt Rapeseed, Cwt Rye, Bu Safflower, Cwt Sorghum Grain, Cwt 3

Spearmint Oil, Lb All Sunflower, Cwt Sweet Potatoes, Cwt Tobacco, Cigar Wrapper Type 61, Lb

0.5351.450.398

0.1170.1380.035

0.2470.258

0.3230.2660.2020.2850.2370.201

0.2220.1590.760

0.8801.970.121

0.0830.339

0.3721.38

15.402.810.795

12.600.2471.960.2211.680.8231.610.3551.860.6171.441.682.333.21

10.3027.90

7.66

2.252.660.674

4.754.97

6.225.123.895.494.563.87

4.273.06

14.60

16.9037.90

2.28

1.606.53

7.1626.60

296.0054.1015.30

243.004.75

37.704.25

32.3015.8031.00

6.8335.8011.9027.7032.3044.9061.80




BasePrice 1


Jan 2006 2

Dollars Dollars

Fruit, Citrus (Equiv On-Tree) Box Grapefruit 13

Lemons 13

Oranges 13

Tangerines 13

Temples 13

Fruit, Deciduous and Other Apples Fresh, Lb 4

Processing, Ton 13

Apricots, Ton Fresh Processing Dried (CA) Excl Dried Avocados, Ton 13

Cherries Sweet, Ton Tart, Lb 13

Cranberries, Bbl 13

Dates (CA), Ton 5

Grapes, Ton Raisin Varieties Dried (CA) Excl Raisin Varieties Dried Kiwifruit, Ton 13

Nectarines (CA), Ton Fresh 5

Processing 6

Olives (CA), Ton 7

Processing Crushed for oil Excl crushed Canning Papayas (HI), Fresh, Lb Peaches Fresh, Ton 4 7

Processing Dried (CA), Ton 6

Excluding Dried, Ton Clingstone (CA), Ton 7

Freestone, Ton 6

Pears Fresh, Ton 4

Processing, Ton 6

Dried (CA) Excluding Dried

0.5101.1610.5911.3900.394

0.02717.60

101.00

270.0038.10

233.00

195.000.0345.35

214.00

121.0070.8089.20

61.203.69

30.7078.6092.30

0.051

83.09

77.00

33.4027.50

54.50

171.0027.70

10.4022.3011.4026.80

7.58

0.520339.00

1,940.00

5,200.00733.40

4,490.00

3,750.000.655

103.004,120.00

2,330.001,360.001,720.00

1,180.0071.00

591.201,513.001,777.00

0.982

1,600.00

1,480.00

643.00529.00

1,050.00

3,290.00533.20

See footnote(s) at end of table. --continued




BasePrice 1


Jan 2006 2

Dollars Dollars

Fruit, Deciduous and Other, Cont Plums (CA) Equiv On-Tree Fresh, Ton 8

Processing, Ton Prunes, Dried (CA), Ton 13

Prunes & Plums (EX CA), Ton Fresh 8

Processing 6

Strawberries, Lb Fresh 6

Processing Sugar Crops, Ton Sugarbeets 10 13

Sugarcane 10 13

Tree Nuts 11

Almonds, Lb Hazelnuts, Ton Pecans, All, Ton Pistachio, All, Lb Walnuts, Ton 13

Vegetables, Fresh, Cwt 9

Asparagus Broccoli 12

Carrots 12

Cauliflower 12

Celery 12


Sweet Corn Tomatoes

Vegetables, Processing, Ton 6

Asparagus Green Peas Snap Beans Sweet Corn Tomatoes

Livestock and Products Beef Cattle, Cwt Calves, Cwt Eggs, Doz Hogs, Cwt Lambs, Cwt Sheep, Cwt Turkeys, Lb

60.105.77

132.00

62.4028.80

0.0980.040

5.423.91

0.221150.00291.00

0.168173.00

16.004.062.304.441.912.642.361.652.634.61

99.0037.2022.9010.10

8.60

9.8713.70

0.0915.99

11.904.890.056

1,160.00111.10

2,540.00

1,200.00554.00

1.890.760

104.3075.80

4.252,890.005,602.00

3.233,330.00

308.0078.2044.3085.5036.8050.8045.4031.8050.6088.70

1,906.00716.10440.80194.40165.60

190.00264.00

1.75115.00229.00

94.101.08





BasePrice 1


Jan 2006 2

Dollars Dollars

Discontinued Nonbasic Commodities 14

Field Crops and Misc Crude Pine Gum, Bbl Dry Field Peas, Cwt Popcorn, Cwt Tobacco, Type 62, Lb 15

Puerto Rican Filler, Type 46, Lb

Fruit, Deciduous and Other Berries, Processing, Lb Blackberries Black Raspberries Boysenberries/Youngberries Gooseberries Loganberries Red Raspberries

Seed Crops, Cwt Alfalfa Bentgrass Chewings Fescue Crimson Clover Hairy Vetch Ladino Clover Lespedeza Merion KY Bluegrass Orchardgrass Red Clover Red Fescue Tall Fescue Timothy

Vegetables, Fresh, Cwt Artichokes Cabbage Cantaloupes Cucumbers Eggplant Escarole Garlic Green Peppers Snap Beans Spinach Watermelon

Vegetables, Processing, Ton Beets Cabbage Lima Beans Spinach

Livestock and Products Beeswax, Lb

13.901.891.810.8580.159

0.6200.1060.0880.0370.0600.084

19.3018.90

8.4010.00

5.8124.70

8.3122.00

7.1612.0010.10

3.676.40

4.551.382.132.282.413.102.933.604.513.950.846

7.796.01

67.0014.50

0.291

267.6036.4034.8016.52

3.06

11.942.041.690.7201.161.62

371.53363.83161.70192.50111.84475.48159.97423.50137.83231.00194.43

70.65123.20

87.5926.5741.0043.8946.3959.6856.4069.3086.8276.0416.29

149.96115.69

1,289.75279.13

5.60



Adjusted Base Price and United States Parity PricesBased on data for January 2006 (continued)

1 Adjusted base price 1910-14 derived by dividing the average of 10 season average prices 1996-2005,including an allowance where appropriate for unredeemed loans and other supplemental paymentsresulting from price support operations, by 716 percent (120-month, Jan 1996-Dec 2005 average of theindex of prices received by farmers adjusted to include an allowance for unredeemed loans and othersupplemental payments) unless otherwise noted.

2 These parity prices are the legally applicable parity prices for the following calendar month. 3 Adjusted base price 1910-14 derived from 120-month, Jan 1996-Dec 2005 average including an

allowance where appropriate for unredeemed loans and other supplemental payments resulting fromprice support operations.

4 Equivalent packinghouse-door returns for CA, MI, NY (apples only), and WA (apples, peaches, andpears). Prices "as sold" for other states.

5 Equivalent returns at packinghouse-door. 6 Equivalent returns at processing plant door. 7 Equivalent returns for bulk fruit at first delivery point. 8 Based on ‘as sold’ prices for fresh fruit in all states. 9 Average F.O.B. shipping point prices.10 Relates to prices including average conditional payments per ton made under the sugar acts of 1937 and

1948. Crop deficiency and abandonment payments not included.11 Prices on in-shell basis except almonds which are on shelled basis.12 Includes some processing.13 The 2005 marketing year average prices are not yet available for these commodities. Therefore, the

adjusted base prices are brought forward from 2004, except citrus items (excluding limes) andcranberries.

14 Monthly and/or season average prices are no longer estimated for these items. Therefore, the adjustedbase price is brought forward from July 1986.

15 Monthly and/or season average prices are no longer estimated for this item. The adjusted base price isbrought forward from 1988.


This page intentionally left blank


Prices Received by Farmers used to Calculate Parity Pricesfor Agricultural Commodities, United States, 1996 - 2005 1

Commodity and Unit 1996 1997 1998 1999 2000 2001 2002

(1910-14=100)

Index of PricesReceived by Farmers 712 678 645 607 611 650 620

Calendar Year Average Prices 3

Dollars Dollars Dollars Dollars Dollars Dollars Dollars

Basic Commodities Corn, Bu Cotton, Upland, Lb All Wheat, Bu Rice, Cwt

Designated Nonbasic Comm All Milk, Cwt

Other Nonbasic Comm Field Crops and Misc All Barley, Bu All Dry Beans, Cwt Flaxseed, Bu All Hay, Baled, Ton Oats, Bu Sorghum, Cwt Soybeans, Bu All Sunflower, Cwt

Fruit Apples, Fresh, Lb 4

Livestock and Products Beef Cattle, Cwt Calves, Cwt Eggs, Doz All Hogs, Cwt Lambs, Cwt Sheep, Cwt Turkeys, Lb

3.550.7414.779.62

14.90

3.0723.70

5.9288.90

2.015.937.27

12.40

0.242

59.3058.70

0.75853.3088.3030.30

0.435

2.600.6793.71

10.01

13.30

2.3920.90

6.11102.80

1.724.107.40

11.50

0.194

63.3082.30

0.69652.0090.5038.10

0.401

2.200.6462.909.40

15.50

2.1320.40

5.7289.70

1.343.545.93

12.50

0.184

59.7082.30

0.66532.5072.5031.90

0.379

1.890.5162.587.60

14.40

1.9917.90

4.3878.70

1.152.864.579.23

0.176

63.3089.60

0.60932.3074.5030.70

0.407

1.860.4982.575.69

12.30

2.1415.10

3.4580.40

1.173.104.737.58

0.195

68.40105.80

0.63642.9080.3033.80

0.414

1.890.3892.835.12

15.00

2.1417.50

4.0095.20

1.423.384.438.30

0.180

71.20106.70

0.60444.1067.6035.80

0.391

2.130.3363.414.07

12.10

2.3922.60

5.2393.70

1.883.804.93

11.60

0.241

66.6097.60

0.59833.3073.3028.90

0.365



Prices Received by Farmers used to Calculate Parity Pricesfor Agricultural Commodities, United States, 1996 - 2005 1 (continued)

Commodity and Unit 2003 2004 2005 1995-04Average

1996-05 Average

AsComputed

For ParityPurposes 2

(1910-14=100)

Index of PricesReceived by Farmers 677 757 737 660 669 716

Calendar Year Average Prices 3

Dollars Dollars Dollars Dollars Dollars Dollars

Basic Commodities Corn, Bu Cotton, Upland, Lb All Wheat, Bu Rice, Cwt

Designated Nonbasic Comm All Milk, Cwt

Other Nonbasic Comm Field Crops and Misc All Barley, Bu All Dry Beans, Cwt Flaxseed, Bu All Hay, Baled, Ton Oats, Bu Sorghum, Cwt Soybeans, Bu All Sunflower, Cwt

Fruit Apples, Fresh, Lb 4

Livestock and Products Beef Cattle, Cwt Calves, Cwt Eggs, Doz All Hogs, Cwt Lambs, Cwt Sheep, Cwt Turkeys, Lb

2.270.5173.455.78

12.50

2.8617.70

6.0088.80

1.713.966.08

11.80

0.185

80.00103.60

0.74637.5094.8035.90

0.360

2.470.5433.578.43

16.10

2.6121.20

7.1889.50

1.524.137.56

13.10

0.200

85.60121.60

0.69851.20

101.5038.80

0.419

1.970.4273.367.02

15.15

2.4424.18

8.9296.40

1.643.215.95

14.20

0.158

89.88133.67

0.54549.67

111.1745.27

0.452

2.340.5643.397.33

13.90

2.4219.90

5.3089.10

1.543.935.88

10.90

0.200

68.0092.30

0.66542.1082.1033.30

0.398

2.280.5293.317.27

14.10

2.4220.10

5.6990.40

1.563.805.89

11.20

0.196

70.7098.20

0.65542.9085.4035.00

0.402

2.850.8373.83

10.40

2.66

1.584.426.33

12.00

85.50



Prices Received by Farmers used to Calculate Parity Pricesfor Agricultural Commodities, United States, 1996-2005 1

Commodity and Unit 1996 1997 1998 1999 2000 2001

Marketing Year Average Prices 5


Basic Commodities Cotton, Long Staple, Lb Peanuts, Lb 17

Tobacco, Lb Types 11-14 Type 21 Ky-Tn Fire-Cured, Types 22-23 Burley, Type 31 Type 32 Types 35-36 Sun-Cured, Type 37 20

PA Seedleaf, Type 41 Cigar Filler & Binder Types 42-44, 54-55 21

Types 51-52

Designated Nonbasic Comm Honey, Lb

Wool and Mohair 8

Wool, Lb Mohair, Lb

Other Nonbasic Comm Field Crops and Misc Canola, Cwt Cottonseed, Ton Hops, Lb Mustard Seed, Cwt Peppermint Oil, Lb Potatoes, Cwt Rapeseed, Cwt Rye, Bu Safflower, Cwt Spearmint Oil, Lb Sweet Potatoes, Cwt

1.0700.281

1.8341.790

2.2451.9221.8561.9521.7821.550

1.4866.279

0.888

0.7001.92

12.90126.00

1.6516.9013.60

4.9113.30

3.7018.1012.0014.40

1.0140.283

1.7202.125

2.2561.8851.5762.0171.9081.600

1.5057.273

0.752

0.8402.25

11.30121.00

1.6015.9012.90

5.6413.20

3.7515.4011.9015.80

0.9240.284

1.7561.936

2.2251.9031.2912.0171.7091.300

1.4985.499

0.660

0.6002.49

10.30129.00

1.6913.6011.90

5.5610.30

2.5014.2011.0015.30

0.8520.254

1.7371.819

2.2981.8991.3452.0391.5901.300

1.4904.737

0.600

0.3803.46

7.8289.00

1.6911.4010.70

5.768.682.27

13.709.75

17.60

1.0030.274

1.7931.637

2.1631.9631.3871.9651.800

( 19 )

1.5504.916

0.600

0.3304.04

6.71105.00

1.8710.1010.80

5.089.742.60

10.609.06

15.30

0.8560.234

1.8571.759

2.1491.9731.5541.8291.6861.650

1.6505.589

0.710

0.3502.13

8.7790.50

1.8512.1010.90

6.9910.80

2.8610.90

9.0915.30



Prices Received by Farmers used to Calculate Parity Pricesfor Agricultural Commodities, United States, 1996-2005 1 (continued)

Commodity and Unit 2002 2003 2004 2005 1995-04Average

1996-05Average



Basic Commodities Cotton, Long Staple, Lb Peanuts, Lb 17

Tobacco, Lb Types 11-14 Type 21 Ky-Tn Fire-Cured, Types 22-23 Burley, Type 31 Type 32 Types 35-36 Sun-Cured, Type 37 20

PA Seedleaf, Type 41 Cigar Filler & Binder Types 42-44, 54-55 21

Types 51-52

Designated Nonbasic Comm Honey, Lb

Wool and Mohair 8

Wool, Lb Mohair, Lb

Other Nonbasic Comm Field Crops and Misc Canola, Cwt Cottonseed, Ton Hops, Lb Mustard Seed, Cwt Peppermint Oil, Lb Potatoes, Cwt Rapeseed, Cwt Rye, Bu Safflower, Cwt Spearmint Oil, Lb Sweet Potatoes, Cwt

0.8600.182

1.8201.884

2.3781.9741.3482.1011.7781.450

1.7505.372

1.327

0.5301.58

10.60101.00

1.9115.4011.90

6.679.733.32

12.209.11

16.80

1.2100.193

1.8511.641

2.4751.9771.4632.1571.7071.400

1.7463.584

1.387

0.7301.66

10.60117.00

1.8616.0012.00

5.8911.00

2.9313.70

9.2919.20

0.8780.189

1.8451.798

2.5401.9941.3082.1941.4761.450

1.7505.309

1.085

0.8001.96

10.70107.00

1.8815.2011.90

5.6714.10

3.2212.10

9.4817.50

1.1800.174

1.4522.100

2.3771.5641.3002.137

( 6 )1.350

( 6 )5.850

( 6 )

0.7102.78

9.4095.00

1.9513.5012.00( 6 )14.30

3.3212.6010.3019.60

0.9900.247

1.8001.803

2.2901.9341.4702.0031.6991.451

1.5585.245

0.814

0.6302.33

10.10110.00

1.7713.9012.00

5.8911.30

2.5013.6010.3016.70

0.9850.247

1.7671.849

2.3111.9051.4432.041

( 6 )1.441

( 6 )5.441

( 6 )

0.5972.43

9.92110.00

1.7714.0012.00( 6 )11.50

2.5413.4010.3016.30

1 Average used to compute “adjusted base prices”. 2005 and 1996-2005 averages are preliminary. 2 Includes an allowance forprice support operations as authorized by the Secretary of Agriculture, January 30, 1956. This entry is omitted for commoditiesnot affected by the adjustment. 3 Simple average of monthly prices. Due to rounding differences, the 10-year average of thesedata might differ slightly from the 120-month averages shown in the 1995-2004 and 1996-2005 columns. 4 Equivalentpackinghouse-door returns for CA, NY (applies only starting in 1985), OR (except peaches), and WA. Prices “as sold” for otherstates. 5 Unless otherwise noted these prices are the averages for the marketing season computed by weighting state prices byquantities sold. 6 Not available. 7 Price for year harvested, from Tobacco Division, AMS. 8 Average local market price; doesnot include incentive payment per pound, the 1995-2004 and 1996-2005 averages for parity purposes include this allowance. 9

Consistent with legislation quoted in this report, citrus prices shown for 2004 relate to the citrus crop designated as 2004-2005 inthe production reports. 10 Equivalent returns at processing plant door. 11 Equivalent returns at packinghouse-door. 12 Equivalent returns for bulk fruit at first delivery point. 13 Based on “as sold” prices for fresh fruit in all states. 14 Average F.O.B.shipping point prices. 15 Includes strawberries for processing in states where the processing crop is not estimated separately. 16 Prices include average conditional payments per ton made under the sugar acts of 1937 and 1948. Crop deficiency andabandonment payments not included. 17 Prices on in-shell basis except almonds which are on shelled basis. 18 Includes someprocessing. 19 Marketing year average prices not published to avoid disclosure of individual firms. 20 None grown in 2005. 21 Estimates discontinued in 2005.






Nonbasic Commodities Tobacco, Cigar Wrapper Type 61, Lb

Fruit, Citrus (Equiv On-Tree) Box 10

Grapefruit Lemons Oranges Tangerines Temples

Fruit, Deciduous and Other Apples, Ton 11


Processing 11

Dried (CA) Excl Dried Avocados, Ton Cherries Sweet, Ton Tart, Lb Cranberries, Bbl Dates, (CA) Ton Grapes, Ton Raisin Varieties Dried (CA) Excl Raisin Var Dr Kiwifruit, Ton 12

Nectarines, Ton Fresh 12

Processing 11

Olives (CA), Ton Processing 13

Crushed for Oil Excl Crushed Canning 13

( 6 )

1.938.364.229.483.22

171.00

1,170.00

2,240.00285.00

1,430.00

1,470.000.161

65.901,090.00

1,070.00483.00470.00

( 20 )( 20 )

11.00643.00745.00

( 6 )

2.006.574.298.843.07

130.00

558.00

1,810.00274.00

1,560.00

1,250.000.159

63.701,100.00

908.00497.00518.00

( 20 )( 20 )

11.00665.00760.00

( 6 )

3.178.855.47

12.605.12

95.10

579.00

1,860.00259.00

2,160.00

1,100.000.145

36.601,220.00

1,250.00508.00744.00

( 20 )( 20 )

11.00481.00590.00

( 6 )

3.879.493.587.152.55

128.00

638.00

( 20 )295.00

1,950.00

1,100.000.218

17.201,240.00

1,220.00522.00634.00

437.0027.90

200.00394.00513.00

25.30

2.504.963.857.922.05

101.00

573.00

1,860.00283.00

1,400.00

1,340.000.187

18.101,230.00

569.00510.00455.00

407.0024.00

300.00677.00769.00

23.00

3.0311.40

4.259.592.19

108.00

650.00

1,960.00257.00

1,670.00

1,230.000.186

23.801,360.00

570.00558.00667.00

480.0026.00

300.00673.00770.00





1996-05Average



Nonbasic Commodities Tobacco, Cigar Wrapper Type 61, Lb

Fruit, Citrus (Equiv On-Tree) Box 10

Grapefruit Lemons Oranges Tangerines Temples

Fruit, Deciduous and Other Apples, Ton 11


Processing 11

Dried (CA) Excl Dried Avocados, Ton Cherries Sweet, Ton Tart, Lb Cranberries, Bbl Dates, (CA) Ton Grapes, Ton Raisin Varieties Dried (CA) Excl Raisin Var Dr Kiwifruit, Ton 12

Nectarines, Ton Fresh 12

Processing 11

Olives (CA), Ton Processing 13

Crushed for Oil Excl Crushed Canning 13

22.50

3.036.533.56

10.102.01

130.00

678.00

1,590.00268.00

1,920.00

1,550.000.448

32.201,550.00

393.00490.00783.00

382.00( 20 )

240.00573.00662.00

26.00

3.848.573.758.901.07

131.00

618.00

1,760.00262.00

1,690.00

1,400.000.354

33.902,300.00

563.00491.00853.00

436.00( 20 )

238.00409.00458.00

( 6 )

13.4012.00

4.5713.70

2.48

107.00

672.00

1,950.00279.00

1,630.00

1,570.000.326

32.302,260.00

1,210.00522.00809.00

342.00( 20 )

361.00571.00701.00

( 6 )

( 6 )( 6 )( 6 )( 6 )( 6 )

( 6 )

1,110.00

2,410.00267.00( 6 )

1,980.000.243

34.002,000.00

940.00487.00( 6 )

521.00( 20 )

527.00548.00645.00

( 6 )

2.767.864.209.782.82

127.00

700.00

1,900.00274.00

1,650.00

1,327.000.224

37.701,413.00

873.00498.00574.00

441.0026.00

168.30577.00675.00

( 6 )

( 6 )( 6 )( 6 )( 6 )( 6 )

( 6 )

720.00

1,930.00273.00( 6 )

1,399.000.243

35.801,535.00

869.00507.00( 6 )

438.00( 20 )

219.90563.00661.00







Papayas (HI), Fresh, Lb

Peaches Fresh, Ton 14

Processing 11

Dried (CA), Ton Excluding Dried, Ton Clingstone CA, Ton Freestone, Ton

Pears Fresh, Ton 4

Processing, Ton 11


Plums (CA), Ton Fresh 20

Processing 20

Prunes, Dried, CA, Ton 11

Prunes & Plums, Ex CA, Ton Fresh 14

Processing 11

Strawberries, Lb Fresh 15 16

Processing

Sugar Crops, Ton 17

Sugarbeets Sugarcane

0.448

662.00

726.00

219.00191.00

496.00

1,290.00223.00

( 20 )( 20 )

839.00

575.00267.00

0.5650.204

45.4028.30

0.529

488.00

612.00

260.00206.00

329.00

1,020.00213.00

( 20 )( 20 )

883.00

448.00134.00

0.6560.271

38.8028.10

0.350

602.00

544.50

219.00196.00

375.00

1,500.00199.00

( 20 )( 20 )

764.00

476.00162.00

0.7410.319

36.4027.30

0.402

572.00

620.00

225.00196.00

388.00

1,040.00184.00

( 20 )( 20 )

861.00

232.00182.00

0.7440.330

37.2025.60

0.316

552.00

728.00

250.00206.00

321.00

909.00190.00

( 20 )( 20 )

770.00

321.00178.00

0.6490.245

34.2026.10

0.279

614.00

514.00

244.00207.00

334.00

1,210.00175.00

( 20 )( 20 )

726.00

345.00185.00

0.7580.292

39.8029.00





1996-05Average



Papayas (HI), Fresh, Lb

Peaches Fresh, Ton 14

Processing 11

Dried (CA), Ton Excluding Dried, Ton Clingstone CA, Ton Freestone, Ton

Pears Fresh, Ton 4

Processing, Ton 11


Plums (CA), Ton Fresh 20

Processing 20

Prunes, Dried, CA, Ton 11

Prunes & Plums, Ex CA, Ton Fresh 14

Processing 11

Strawberries, Lb Fresh 15 16

Processing

Sugar Crops, Ton 17

Sugarbeets Sugarcane

0.277

612.00

456.00

247.00199.00

361.00

1,315.00202.00

( 20 )( 20 )

810.00

396.00204.00

0.7130.331

39.6028.40

0.319

581.00

446.00

215.00204.00

358.00

1,350.00197.00

( 20 )( 20 )

772.00

446.00254.00

0.7490.281

41.4029.50

0.361

548.00

382.00

263.00182.00

437.00

1,030.00201.00

( 20 )( 20 )

1,500.00

468.00228.00

0.7810.263

36.9028.30

0.361

718.00

504.00

252.00179.00

501.00

1,600.00194.00

( 20 )( 20 )

1,500.00

759.00261.00

0.6820.289

( 6 )( 6 )

0.372

575.10

592.00

236.00199.00

374.00

1,158.00196.00

( 20 )( 20 )

897.00

415.00194.00

0.6960.280

39.0028.10

0.364

594.90

553.00

239.00197.00

390.00

1,226.00198.00

( 20 )( 20 )

943.00

447.00206.00

0.7040.283

( 6 )( 6 )







Tree Nuts 18

Almonds, Lb Hazelnuts, Ton Pecans, All, Lb Pistachio, All, Lb Walnuts, Ton


Asparagus Broccoli Carrots Cauliflower Celery 19


Sweet Corn Tomatoes

Vegetables, Proc., Ton 11


2.08860.00

0.6411.16

1,580.00

92.9027.1013.4032.9010.5017.0014.7010.5016.9028.10

1,210.00284.00178.00

78.5062.30

1.56899.00

0.7741.13

1,430.00

108.0028.5012.9031.6014.7018.9017.5012.6017.7031.70

1,220.00288.00176.00

74.9060.70

1.41964.00

1.2101.03

1,050.00

124.0030.2012.2034.5011.7021.6016.2013.0017.2035.20

1,200.00282.00172.00

73.3065.30

0.86890.00

0.8141.33

886.00

131.0024.1016.8029.7012.0021.1013.30

9.7416.9025.80

1,180.00275.00173.00

71.1071.10

0.97891.00

1.1401.01

1,240.00

117.0031.2013.1032.1018.5019.2017.3011.2018.5030.70

1,180.00248.00171.00

73.4059.80

0.91701.00

0.5941.01

1,120.00

140.0026.5017.1029.2014.4021.1017.9010.7019.5030.00

1,040.00264.00161.00

73.0059.20





1996-05Average



Tree Nuts 18

Almonds, Lb Hazelnuts, Ton Pecans, All, Lb Pistachio, All, Lb Walnuts, Ton


Asparagus Broccoli 19

Carrots Cauliflower Celery 19


Sweet Corn Tomatoes

Vegetables, Proc., Ton 11


1.111,000.00

0.9551.10

1,170.00

110.0031.4019.1032.2012.8018.1021.1012.1019.2031.60

1,110.00253.00151.00

68.0058.20

1.571,030.00

0.9841.22

1,160.00

105.0031.6019.0034.6013.4018.8018.1013.7019.3037.40

1,170.00250.00157.00

70.4058.70

2.211,440.00

1.7601.34

1,390.00

122.0032.2020.2030.5014.8017.6016.9010.5020.8037.50

1,170.00250.00158.00

72.1058.60

3.082,040.00

1.5402.03

( 6 )

97.5028.5020.9030.3014.3015.3015.6013.7022.1041.50

1,050.00267.00141.00

68.4061.00

1.52959.00

0.9901.10

1,210.00

116.3029.2016.1032.1013.9019.4017.7011.4018.4031.40

1,163.00266.00167.00

73.0061.70

1.581,072.00

1.0401.20

( 6 )

114.7029.1016.5031.8013.7018.9016.9011.8018.8033.00

1,153.00266.00164.00

72.3061.50

1 Average used to compute “adjusted base prices”. 2005 and 1996-2005 averages are preliminary. 2 Includes an allowance forprice support operations as authorized by the Secretary of Agriculture, January 30, 1956. This entry is omitted for commoditiesnot affected by the adjustment. 3 Simple average of monthly prices. Due to rounding differences, the 10-year average of thesedata might differ slightly from the 120-month averages shown in the 1995-2004 and 1996-2005 columns. 4 Equivalentpackinghouse-door returns for CA, NY (applies only starting in 1985), OR (except peaches), and WA. Prices “as sold” for otherstates. 5 Unless otherwise noted these prices are the averages for the marketing season computed by weighting state prices byquantities sold. 6 Not available. 7 Price for year harvested, from Tobacco Division, AMS. 8 For 1984 through 1986 the nationalaverages are the support prices. 9 Average local market price; does not include incentive payment per pound, the 1995-2004 and1996-2005 averages for parity purposes include this allowance. 10 Consistent with legislation quoted in this report, citrus pricesshown for 2004 relate to the citrus crop designated as 2004-2005 in the production reports. 11 Equivalent returns at processingplant door. 12 Equivalent returns at packinghouse-door. 13 Equivalent returns for bulk fruit at first delivery point. 14 Based on“as sold” prices for fresh fruit in all states. 15 Average F.O.B. shipping point prices. 16 Includes strawberries for processing instates where the processing crop is not estimated separately. 17 Prices include average conditional payments per ton made underthe sugar acts of 1937 and 1948. Crop deficiency and abandonment payments not included. 18 Prices on in-shell basis exceptalmonds which are on shelled basis. 19 Includes some processing. 20 Marketing year average prices not published to avoiddisclosure of individual firms.


Indexes of Prices Received by Farmers, by Month and Annual Average,United States, 2002-2006

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Avg 1

All Farm Products1910-14 = 100

20022003200420052006

604631709707712

625627737723

667629774755

597638792770

608667816757

614681813757

626666789742

632693761738

623704735740

606718721706

616738729717

619728706728

620677757737712

1990-92 = 100

20022003200420052006

9599

112111112

9899

116114

10599

122119

94100125121

96105128119

97107128119

99105124117

100109120116

98111116116

95113114111

97116115113

98115111115

98107119116112

All Crops1910-14 = 100

20022003200420052006

462506559504529

501509596528

580523602570

493540607591

511569607572

515576603594

537538593571

555558582566

537549559549

500549545509

510570546520

507577512544

517547576552529

1990-92 = 100

20022003200420052006

94103113102107

102103121107

118106122116

100109123120

104115123116

104117122120

109109120116

113113118115

109111113111

101111111103

103116111105

103117104110

105111117112107

1 Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year.




Food Grains1910-14 = 100

20022003200420052006

284372393361365

270336395347

271326402352

267316408347

274326407347

302323384344

333311366341

365349357342

411353364353

410359363357

394379362364

396393359373

331345380352365

1990-92 = 100

20022003200420052006

89117124114115

85106124109

85102127111

8499

129109

86102128109

95102121108

10598

115107

115110112108

129111114111

129113114112

124119114115

125124113117

104109120111115

Feed Grains and Hay1910-14 = 100

20022003200420052006

322375376340322

325380404326

327380421339

328382445342

339391454353

346392438369

364365405376

394363389357

398360362335

377342345306

370353331297

378368333323

356371392339322

1990-92 = 100

20022003200420052006

90105105

9590

91106113

91

91106118

95

92107124

96

95109127

99

97110123103

102102113105

110102109100

111101101

94

105969685

104999383

106103

9390

100104110

9590





Cotton1910-14 = 100

20022003200420052006

231385526325419

237393523324

240411521341

230384510350

226388505335

285385506354

298391455347

292391411356

303471428374

333573428410

363533365410

374535332405

284437459361419

1990-92 = 100

20022003200420052006

4575

1036482

4677

10263

4780

10267

4575

10068

44769965

56759969

58768968

57768069

59928373

65112

8380

71104

7180

73104

6579

5685907082

Tobacco 3

1910-14 = 100

2002200320042005

1761181718221857

1704180018911917

1478157018301265

1065574

1265

16091557

15611570

157416351648

160916431661

173917261726

173517351743

1641161214211369

1990-92 = 100

2002200320042005

116120120123

113119125127

98104121

84

703884

106103

103104

104108109

106109110

115114114

115115115

108107

9491

1 Simple average required for parity regulations. Weighted 1990-92 average equals 100. Average is year-to-date for current year. 2 Missing data indicates insufficient sales volume to establish a price. 3 Monthly prices discontinued July 2005.




Oil-Bearing Crops1910-14 = 100

20022003200420052006

415540714548539

419548805539

432550901588

440571935594

455594930610

483597882649

528570824653

538552661599

483529518511

494607529531

530664528537

537692545558

480585731576539

1990-92 = 100

20022003200420052006

7699

131100

98

77100147

99

79101165107

80104171109

83109170111

88109161119

96104151119

98101121109

88979593

90111

9797

97121

9798

98127100102

88107134105

98

Fruit and Nuts1910-14 = 100

20022003200420052006

585549670794953

580553768885

668606793837

632664697731

729745843833

794811885999

831845885991

849872935

1022

866880

10191067

861884

11031059

768847989

1059

644700791845

734746865927953

1990-92 = 100

20022003200420052006

847996

114136

8379

110127

9687

114120

9195

100105

104107121119

114116127143

119121127142

122125134146

124126146153

123127158152

110121142152

92100113121

105107124133136





Commercial Vegetables1910-14 = 100

20022003200420052006

1054752842635917

1283755960805

1816824770

1095

803865879

1225

770924749894

7311015

742938

771797830761

807920886798

795964899881

704955

1065764

73510411110

787

6941171

8051128

914915878893917

1990-92 = 100

20022003200420052006

158112126

95137

192113144121

272123115164

120129131183

115138112134

109152111140

115119124114

121138133119

119144134132

105143159114

110156166118

104175121169

137137131134137

Potatoes and Dry Beans1910-14 = 100

20022003200420052006

620533488531582

645554504533

715567530560

699592568564

748590558616

806559558675

884570552743

651483485591

520458492524

466443450484

524479486537

547493510584

652527515579582

1990-92 = 100

20022003200420052006

123105

96105115

127110100105

141112105111

138117112111

148117110122

159110110133

175113109147

1299696

117

1039097

104

92878996

1049596

106

10897

101115

129104102114115





Other Crops1910-14 = 100

20022003200420052006

561564569578586

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578

561564569578586

1990-92 = 100

20022003200420052006

114114115117119

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117

114114115117119

Food Commodities1990-92 = 100

20022003200420052006

9697

113116118

10096

117118

10896

124123

9398

127126

94104131122

95106130122

97104127119

97110123120

95112119121

93116117116

96120121120

95117116122

97106122120118





Livestock and Products1910-14 = 100

20022003200420052006

742735842931900

734728859917

723715934932

684717967938

681740

1021934

689758

1020905

678776981903

669809933901

655847908937

664887902935

684895916929

698859918918

692789933923900

1990-92 = 100

20022003200420052006

9796

110121117

9695

112119

9493

122121

8993

126122

8996

133122

9099

133118

88101128118

87105122117

85110118122

87116118122

89117119121

91112120120

90103122120117

Meat Animals1910-14 = 100

20022003200420052006

916946

105812291232

948963

10601216

937946

11341244

884972

11521277

867101412321275

868102712481210

882102512351175

859105412281177

821110012061207

857116912031237

869117912021224

896112311951231

8841043117912251232

1990-92 = 100

20022003200420052006

9093

104121121

9395

104120

9293

112122

8796

113126

85100121125

85101123119

87101121116

84104121116

81108119119

84115118122

86116118120

88110118121

87103116121121





Dairy Products1910-14 = 100

20022003200420052006

836725811977891

805701836953

774676953959

768676

1112934

744676

1186910

707676

1118891

682744989910

694817916910

713891953940

744922959953

731885996928

731848

1008910

744770986931891

1990-92 = 100

20022003200420052006

10490

101122111

10087

104119

9684

119119

9684

139116

9384

148113

8884

139111

8593

123113

87102114113

89111119117

93115119119

91110124116

91106126113

9396

123116111

Poultry and Eggs1910-14 = 100

20022003200420052006

295303373343303

271291390338

271291414342

244279392341

257289397344

280307411345

265307406354

262316367351

258322330359

243330322334

269350331341

270339332329

265310372343303

1990-92 = 100

20022003200420052006

105108133122113

96104139120

96104147122

8799

139121

92103141122

100109146123

94109144126

93112130125

92115117134

86118114125

96124118127

96121118123

94111132124113



Parity Price Equivalent for Manufacturing Grade Milk

By direction of the Secretary of Agriculture, the parity price equivalent for manufacturing grade milk isdetermined as follows: (1) Based on data for the 10 calendar years immediately preceding, compute the ratioof (a) the average price received by farmers, f.o.b. plant, for all manufacturing grade milk to (b) the averageprice by farmers, f.o.b. plant, for all milk sold to plants and dealers. (2) The parity price for all milk sold toplants is multiplied by the resulting ratio of (a) to (b) to determine the parity price equivalent formanufacturing milk. The parity price equivalent for manufacturing milk is not in itself a parity price butrather is an administrative determination based on the above price relationship.

The ratio is computed in January of each year and is used throughout the calendar year. The ratio to be usedduring 2006 is 90.1, down 1.3 points from 2005. The parity price for all milk sold to plants is $37.90 per cwt. This price multiplied by 90.1 percent, results in $34.15 per cwt as the parity price equivalent formanufacturing milk of average milkfat content. In 2005, the simple average of monthly fat tests formanufacturing grade milk was 3.86 percent. The fat test ranged from a low of 3.68 in July to a high of 4.08percent in December.

Average price January 1996 - December 2005

a. Manufacturing grade milk .................................................................................................................. 12.70b. All milk sold at wholesale to plants and dealers ................................................................................. 14.10c. Ratio a/b ............................................................................................................................................... 90.1

Parity price equivalent for manufacturing grade milk - United States

a. January 2005 ....................................................................................................................................... 32.08b. December 2005 .................................................................................................................................. 34.28c. January 2006 ....................................................................................................................................... 34.15

Manufacturing Grade Milk: Average Price Per Cwt Received 1,by Month, United States, January 1996-December 2005

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars Dollars

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

12.8012.1013.5015.4010.7010.7012.5010.7012.4014.90

12.6012.5013.5012.4010.3011.1011.9010.4012.8014.90

12.6012.4012.9012.5010.1012.2011.40

9.9015.5014.80

12.9011.6012.1012.0010.2012.8011.3010.0019.0014.70

13.4010.9011.4011.6010.1014.2011.1010.2018.8014.20

13.6010.8013.1012.0010.4014.9010.3010.2016.8013.80

14.0010.8014.1013.4010.8014.90

9.6011.8014.2014.20

14.6011.9014.7015.4010.7015.20

9.9013.2014.2013.80

15.3012.7015.4015.1011.4016.0010.4014.1014.7014.60

14.6013.2016.8012.7010.6014.3011.3014.6014.9014.90

12.4013.6017.4011.1010.4012.4010.7013.7015.9014.40

11.8013.6017.4010.8010.8012.5010.7012.7016.1014.40

1 Before hauling costs are deducted and including premiums paid to farmers.


Reliability of Prices Received Estimates

Definition: Prices received represent sales from producers to first buyers. They include all grades andqualities. The average commodity price from the survey multiplied by the total quantity marketedtheoretically should give the total cash receipts for the commodity.

Survey Procedures: Primary sales data used to determine grain prices were obtained from probabilitysamples of about 2000 mills and elevators. These procedures ensure that virtually all grain moving intocommercial channels has a chance of being included in the survey. Generally, States surveyed account for90 percent or more of total U.S. production. Livestock prices are obtained from packers, stockyards, auctions,dealers, and market check data from AMS-USDA, private marketing organizations, and state commoditygroups and agencies. Inter-farm sales of grain and livestock are not included since they represent very smallpercentages of the total marketings. Grain marketed for seed is also excluded. Fruit and vegetable prices areobtained from sample surveys and market check data from AMS-USDA, private marketing organizations,state agencies, and universities.

Summary and Estimation Procedures: Survey quantities sold are expanded by strata to state levels andused to weight average strata prices to a state average. State prices are then weighted to a U.S. price based onexpanded marketings. Recommendations are prepared by the State Field Offices and reviewed by theAgricultural Statistics Board in Washington, D.C. State recommendations are reviewed for reasonablenesswith survey data, other States, and recent historic estimates.

Revisions: For most items, the current month's preliminary price represents a 3-5 day period around the 15th

of the month. Previous month's prices represent actual dollars received for quantities sold during the entiremonth. Revisions are published in monthly issues of Agricultural Prices.

Reliability: U.S. price estimates based on probability surveys generally have a sampling error of less thanone percent for the major commodities such as corn, wheat, soybeans, cotton, and rice. Current methods ofsummarization for non-probability commodities are not designed directly to calculate sampling errors. However, analytical measures approximate the U.S. relative sampling errors at around five percent. Anynonsampling errors are attributed to such things as the inability to obtain correct information, differences ininterpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts are made at eachstep in the survey process to minimize these nonsampling errors.


Prices Paid by Farmers

The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates(PPITW), at 145 (1990-92=100), increased 1.4 percent from December 2005 and is up 5.8 percent fromJanuary 2005.

PRODUCTION INDEX: The January index, at 144, increased 0.7 percent from last month and 7.5 percentfrom last year. Higher prices in January for gasoline, LP gas, complete feeds, and feed supplements morethan offset lower prices for feeder cattle, feed concentrates, milk cows, and potash & phosphate materials.

Feed: The January index, at 118, increased 0.9 percent from December and 5.4 percent from last January. Since December, higher prices for complete feeds, feed supplements, and feed grains more than offset lowerprices for feed concentrates.

Livestock & Poultry: The January index for livestock and poultry purchases, at 145, decreased 1.4 percentfrom last month but increased 8.2 percent from last year. Since December, lower prices for feeder cattle andmilk cows more than offset higher prices for feeder pigs. The January feeder cattle price, at $120.70 per cwt,is down $3.10 per cwt from the December price. January feeder pigs averaged $161.00 per cwt, up $5.00 percwt from December.

Fertilizer: The January index, at 180, is up 0.6 percent from December and 18 percent above January a yearago. Since December, higher prices for nitrogen fertilizers more than offset lower prices for potash &phosphate materials.

Agricultural Chemicals: The January index, at 121, is unchanged from December but increased 1.7 percentfrom January 2005.

Fuels: The January index, at 243, is up 2.5 percent from a month earlier and 43 percent above January 2005. Compared with last month, prices are higher for gasoline, LP gas, and diesel fuel.

Farm Machinery: The January index, at 172, is unchanged from December but 1.8 percent above lastJanuary.

CONSUMER PRICE INDEX: The December 2005 Consumer Price Index for all urban consumers (CPI-U) decreased 0.4 percent before seasonal adjustment to a level of 196.8 (198-84=100). This compares withthe November index of 197.6. For the 12-month period ending in December, the overall index has increased3.4 percent.


Indexes of Prices Paid by Farmers and Related Parity RatiosUnited States, January 2006 With Comparisons

Indexesand

Ratios

1910-14 = 100 1990-92 = 100

2005 2006 2005 2006

Jan Dec Jan Jan Dec Jan

Prices Paid by Farmers forCommodities & Services,Interest, Taxes, & WageRates (PPITW) Production Feed Livestock and Poultry Seeds Fertilizer Agricultural Chemicals Fuels Farm Supplies & Repairs Autos & Trucks Farm Machinery Building Material Farm Services & Rent Farm Services Rent Interest 1

Taxes 2

Wage Rates Production, Interest, Taxes, & Wage Rates (PITW) Family Living-CPI 3

1,8181,298

5451,7101,564

562735

1,3161,0063,0914,2471,8921,498

2,7313,3836,319

1,8191,811

*1,904 *1,383

*571 *1,885

1,694 *656 *750

*1,827 *1,036 *3,019 *4,315 *1,987 *1,513

*2,731 *3,383

6,209

*1,912 *1,869

1,9251,397

5771,8521,694

659747

1,8771,0363,0224,3171,9971,543

2,9813,4266,209

1,9371,869

137134112134158153119170142116169139

127125109126169

135141

143 *143 *117

147171

*179 *121 *237

146114172

*146

128 *125 *109 *126

166

142 *146

145144118145171180121243146114172147

129131119128166

144146

Ratio (Received\Paid) Parity Ratio 4

Parity Ratio Adjusted 5

PPITW Adjusted for Productivity 6

3943

1238

3842

*1254

3740

1260

81 80 77

Crop Sector (PPITW) Livestock Sector (PPITW)

140133

*146139

148140

Farm Sector (Production) Non-Farm Sector (Production)

127137

*136146

136148

* Revised. 1 Interest per acre on farm real estate debt and interest rate on farm non-real estate debt. 2 Farm real estate taxes payable per acre. 3 Bureau of Labor Statistics, Consumer Price Index for all urban consumers (CPI-U), for the previous month converted by the

USDA. 4 Ratio of index of prices received to PPITW (1910-14=100). 5 Based on estimated cash receipts, from marketings and government payments, the preliminary adjustment factor is 1.079 for 2006

and the revised factor is 1.096 for 2005. 6 PPITW is adjusted based on productivity trend for the prior 15 years.


Prices Paid Indexes and Annual Weights for Input Components andSub-Components United States, January 2006 With Comparisons

IndexRelative Weights

5-Year Moving Average 1

Input Indexes

2005 2006

2005 2006 Jan Dec Jan

Percent Percent (1990-92=100) (1990-92=100) (1990-92=100)

Production Items

Feed Feed Grains Complete Feeds Hay/Forages Concentrates Supplements Livestock & Poultry Feeder Cattle Feeder Pigs Milk Cow Replacements Poultry Seeds Field Crops Grasses/Legumes Fertilizer Mixed Fertilizer Nitrogen Potash & Phosphate Agricultural Chemicals Herbicides Insecticides Fungicides/Other Fuels Diesel Gasoline LP Gas Farm Supplies & Repairs Supplies Repairs Autos & Trucks Autos Trucks Farm Machinery Tractors Self-Propelled Other Machinery Building Materials Farm Services Custom Rates Other Services Rent Cash ShareInterestTaxesWage RatesFamily Living-CPI

66.4

10.71.55.21.31.70.97.76.00.60.60.53.53.20.34.31.91.80.63.62.30.80.52.71.60.80.45.21.73.51.80.21.54.00.91.61.53.6

12.41.3

11.16.93.73.24.52.97.6

18.6

66.8

10.91.65.31.41.70.97.66.00.60.60.53.63.30.34.31.91.80.63.52.20.80.52.91.70.80.45.01.73.31.80.21.64.41.01.71.74.0

12.21.3

10.96.73.63.14.22.97.8

18.4

134

11290

111115114146134129185144110158163111153133176150119114132120170179152173142130148116109117169152176172139127125127125151

94109126169141

*143

*117 *83

*116120

*132148147146

*170166110171177118

*179 *144 *219 *167 *121 *114 *140 *121 *237 *253 *201 *243

146 *139

149114

*109 *114

172 *158

177175

*146128125129

*125 *151

94 *109 *126

166 *146

144

11885

117120130155145143175163110171177118180144222166121114140121243255211262146139149114110114172158177175147129125129131159

98119128166146

* Revised. 1 Weights may not add due to rounding.


Feed Price Ratios: United States, January 2006 with Comparisons

Feed Price Ratio 12005 2006

Jan Dec Jan

Broiler-Feed: Pounds of Broiler Grower Feedequal in value to 1 pound of broiler, live weight

Market Egg Feed: Pounds of Laying Feed equal in Value to 1 dozen eggs

Hog-Corn: Bushels of Corn equal in value to 100 pounds of hog, live weight

Milk-Feed: Pounds of 16% Mixed Dairy Feed equal in value to 1 pound of Whole Milk

Steer & Heifer-Corn: Bushels of Corn equal in value to 100 pounds of Steer & Heifers, live weight

Turkey-Feed: Pounds of Turkey Grower equal in value to 1 pound of Turkey, live weight

7.1

7.2

25.1

3.45

44.5

6.9

*6.5

*11.3

*23.1

*3.27

*52.0

*9.6

6.5

8.9

21.2

3.24

51.5

7.3

* Revised. 1 Effective January 1995, prices of commercial prepared feeds are based on current U.S. prices received for corn, soybeans, alfalfa

hay, and all wheat.

Prices Used to Calculate Feed Price Ratios:United States, January 2006 with Comparisons

Commodity Unit2005 2006

Jan Dec Jan

Broilers, LiveEggs, Market

Hogs, AllMilk, All

Steers and HeifersTurkeys, Live

CornHay, Alfalfa, Baled

SoybeansWheat, All

LbDoz

CwtCwt

CwtLb

BuTon

BuBu

0.4300.373

53.2015.90

94.400.393

2.1294.50

5.573.43

0.3900.564

*44.30*14.80

*99.900.543

*1.9297.70

*5.77*3.54

0.3800.438

41.6014.50

101.000.408

1.9695.60

5.513.48

* Revised.

Feeder Livestock: Prices Paid, United StatesJanuary 2006 with Comparisons

Commodity Unit2005 2006

Jan Dec Jan

Dollars Dollars Dollars

Feeders and Stockers Cattle and CalvesFeeder Pigs

CwtCwt

109.50170.00

123.80*156.00

120.70161.00

* Revised.


Grazing Fee Rates for Cattle by Selected States and Regions

State

Survey Average Rates 1

Animal Unit 2 Cow-Calf Per Head

2004 2005 2004 2005 2004 2005

Dollars per Month Dollars per Month Dollars per Month Dollars per Month Dollars per Month Dollars per Month

AZ

CA

CO

ID

KS

MT

NE

NV

NM

ND

OK

OR

SD

TX

UT

WA

WY

17-State 3

16-State 4

11-State 5

9-State 6

8.00

14.50

13.50

12.20

13.00

15.90

23.00

10.60

9.70

13.00

8.00

13.00

17.60

10.00

11.80

10.80

13.90

13.10

14.30

13.30

13.00

8.00

15.40

14.50

12.50

13.50

16.20

22.50

12.20

9.50

13.70

8.00

13.00

18.40

9.40

11.60

9.70

14.80

13.20

14.60

13.70

13.00

( 7 )

19.50

15.00

14.20

16.50

17.40

27.50

12.00

11.90

14.20

10.00

15.10

21.50

10.80

13.80

12.50

16.00

15.30

17.10

15.50

15.10

( 7 )

20.50

16.00

14.60

16.50

18.70

27.50

12.50

11.50

16.00

10.00

15.70

21.90

9.00

13.60

12.50

17.00

15.20

17.60

16.20

14.80

9.00

15.50

14.00

12.60

13.50

16.20

25.20

12.00

11.00

13.50

8.50

12.50

19.20

9.80

13.10

10.80

14.30

13.70

15.20

13.80

13.60

9.50

17.00

14.30

13.00

14.00

17.30

25.00

12.50

10.80

14.50

8.00

12.80

19.50

9.90

13.00

12.20

15.50

14.00

15.60

14.60

13.80 1 The average rates are estimates based on survey indications of monthly lease rates for private, non-irrigated grazing land from the

January Cattle Survey. 2 Includes animal unit plus cow-calf rates. Cow-calf rate converted to animal unit (AUM) using (1 aum=cow-calf *0.833). 3 17 Western States: All States listed. 4 16 Western States: All States except Texas. 5 11 Western States: AZ, CA, CO, ID, MT, NV, NM, OR, UT, WA, and WY. 6 9 Great Plains States: CO, KS, NE, NM, ND, OK, SD, TX, and WY. 7 Insufficient data.


Prices Paid Indexes: Monthly and Annual AverageUnited States, 2002-2006


Commodities and Services, Interest, Taxes, and Wage Rates(PPITW)

1910-14 = 100

20022003200420052006

16281682173318181925

1628169617371823

1635170217561845

1640169817751858

1634169217911858

1637169517921870

1640168917931873

1648168917881878

1657170617891892

1666171818021923

1662172017961904

1666171717811904

16451700177818711925

1990-92 = 100

20022003200420052006

122126130137145

122127131137

123128132139

123128133140

123127135140

123127135140

123127135141

124127134141

125128134142

125129135144

125129135143

125129134143

124128134141145

Items Used for Production, Interest, Taxes, and Wage Rates(PITW)

1910-14 = 100

20022003200420052006

16161673172718191937

1615168717301823

1621169217501847

1625168817721861

1618168117901860

1621168417891875

1625167617911877

1634167517851881

1644169417851893

1653170918001930

1648171317911910

1655171017751912

16311690177418741937

1990-92 = 100

20022003200420052006

120125129135144

120126129136

121126130138

121126132139

120125133138

121125133140

121125133140

122125133140

122126133141

123127134144

123128133142

123127132142

121126132140144

1 Simple average and is year-to-date for current year.




Items Used for Production1910-14 = 100

20022003200420052006

11391183122812981397

1138119612311301

1143120012491322

1149120012721343

1143119412871342

1146119612871355

1154119512921357

1162119312871360

1171121012871371

1172122112951399

1168122412871382

1173122112721383

11551203127313511397

1990-92 = 100

20022003200420052006

117122127134144

117123127134

118124129136

118124131138

118123133138

118123133140

119123133140

120123133140

121125133141

121126133144

120126133142

121126131143

119124131139144

Feed1910-14 = 100

20022003200420052006

529556573545577

524559592538

530556606559

534555639568

529560658574

539556632590

555541626596

568523583591

576546567567

566545543567

557576533562

556574525571

547554590569577

1990-92 = 100

20022003200420052006

108114117112118

107114121110

109114124115

109114131116

108115135118

110114129121

114111128122

116107119121

118112116116

116112111116

114118109115

114117108117

112114121117118





Livestock and Poultry1910-14 = 100

20022003200420052006

13941340143917101852

1405129814031710

1361125414701760

1301130815461806

1251130316131789

1213132217141783

1223135317391733

1245137117541704

1259149217641769

1287160417961887

1341156417501902

1395152117041885

13061394164117871852

1990-92 = 100

20022003200420052006

109105113134145

110102110134

10698

115138

102102121141

98102126140

95103134139

96106136136

97107137133

99117138138

101125141148

105122137149

109119133147

102109128140145

Seeds1910-14 = 100

20022003200420052006

13291426155315641694

1329142615531564

1329142615531564

1426155315641694

1426155315641694

1426155315641694

1426155315641694

1426155315641694

1426155315641694

1426155315641694

1426155315641694

1426155315641694

14021521156116621694

1990-92 = 100

20022003200420052006

134144157158171

134144157158

134144157158

144157158171

144157158171

144157158171

144157158171

144157158171

144157158171

144157158171

144157158171

144157158171

142154158168171





Fertilizer1910-14 = 100

20022003200420052006

394412481562659

395427493564

394463504565

391471502579

392466496585

397454500588

394449504584

393453516585

391457523603

394461539618

398463550652

400469556656

394454514595659

1990-92 = 100

20022003200420052006

108112131153180

108117134154

107126137154

107129137158

107127135160

108124136160

107123138159

107124141160

107125143165

107126147169

109126150178

109128152179

108124140162180

Agricultural Chemicals1910-14 = 100

20022003200420052006

739752745735747

731752747727

735744747725

733746745740

734746743740

736747742741

738747744743

739746741747

741746739750

736748735750

738750732753

750744731750

738747741742747

1990-92 = 100

20022003200420052006

120122121119121

118122121118

119120121117

119121121120

119121120120

119121120120

119121120120

120121120121

120121120121

119121119121

119121118122

121120118121

119121120120121





Fuels1910-14 = 100

20022003200420052006

6441080112113161877

661132210551393

783137110961593

878110511681624

852983

12261570

836101111561667

868102012361743

900105013031861

997101213332035

1074105415532323

949988

14921847

950100112711827

8661083125117331877

1990-92 = 100

20022003200420052006

83140145170243

86171137180

101178142206

114143151210

110127159203

108131150216

112132160226

117136169241

129131173264

139137201301

123128193239

123130165237

112140162224243

Farm Supplies and Repairs1910-14 = 100

20022003200420052006

915941965

10061036

918941965

1007

917942963

1007

925947971

1014

927947972

1016

927948972

1016

929952975

1018

929952976

1027

929952981

1021

935956985

1024

935954986

1034

935954989

1036

927949975

10191036

1990-92 = 100

20022003200420052006

129133136142146

129133136142

129133136142

130133137143

131133137143

131134137143

131134137143

131134137145

131134138144

132135139144

132134139146

132134139146

131134137144146





Autos and Trucks1910-14 = 100

20022003200420052006

31463083305230913022

3107307430603093

3093307630463071

3086306130423062

3073304730293060

3061302930213042

3054301829942991

3041302029692959

3059301629692974

3076301429853000

3093304030343016

3099305030673019

30823044302230323022

1990-92 = 100

20022003200420052006

118116115116114

117116115116

116116115115

116115114115

116115114115

115114114114

115113113112

114114112111

115113112112

116113112113

116114114113

117115115114

116115114114114

Farm Machinery1910-14 = 100

20022003200420052006

36683731390142474317

3674373239194290

3694373340494286

3700373740404282

3703375140484288

3699376640424289

3704378440494293

3705381540494298

3719383141084298

3724384641344298

3730386141884312

3730387542154315

37043789406242914317

1990-92 = 100

20022003200420052006

146149156169172

146149156171

147149161171

147149161171

148150161171

147150161171

148151161171

148152161171

148153164171

148153165171

149154167172

149154168172

148151162171172





Building Materials1910-14 = 100

20022003200420052006

16421655170418921997

1642166317381910

1647166517571914

1652167118001917

1655167118241913

1656167218241918

1658167918311921

1669168018561917

1663169418681935

1658169618671960

1653170118661977

1652170118721987

16541679181719301997

1990-92 = 100

20022003200420052006

121122125139147

121122128141

121123129141

122123133141

122123134141

122123134141

122124135141

123124137141

122125137142

122125137144

122125137146

122125138146

122124134142147

Farm Services and Rent 2

1910-14 = 100

20022003200420052006

14221440145114981543

1422144114511499

1421144114521499

1420144414521501

1421144614561505

1432145514671518

1432145714671520

1433145714701519

1432145714681521

1426144714601513

1424144214561513

1425144214561513

14261447145915101543

Farm Services1990-92 = 100

20022003200420052006

120121123127129

120122123127

120122123127

119122123127

120122124127

121123125129

121124125129

121124125129

121124125129

120122124129

120122124128

120122124128

120123124128129

Rent1990-92 = 100

20022003200420052006

119120120125131

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125

119120120125131

1 Simple average and is year-to-date for current year. 2 For the 1990-92=100 base period, the Farm Services and Rent Index is separated.




Interest1910-14 = 100

20022003200420052006

26192566259727312981

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

2619256625972731

26192566259727312981

1990-92 = 100

20022003200420052006

104102104109119

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109

104102104109119

Taxes1910-14 = 100

20022003200420052006

33873368333933833426

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

3387336833393383

33873368333933833426

1990-92 = 100

20022003200420052006

126126125126128

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126

126126125126128

Wage Rates1910-14 = 100

20022003200420052006

57966035608063196209

5796603560806319

5796603560806319

5705591959646041

5705591959646041

5705591959646041

5537573858416061

5537573858416061

5537573858416061

5783584860226209

5783584860226209

5783584860226209

57055885597761586209

1990-92 = 100

20022003200420052006

155161163169166

155161163169

155161163169

153158159161

153158159161

153158159161

148153156162

148153156162

148153156162

155156161166

155156161166

155156161166

153157160165166





Family Living1910-14 = 100

20022003200420052006

16821726175918111869

1689173917681822

1698174917801836

1708174617861848

1708174317961846

1709174518021847

1711174717991856

1716175318001865

1719175918041888

1722175718131892

1722175218141877

1718175018071869

17091747179418551869

1990-92 = 100

20022003200420052006

131135137141146

132136138142

133137139143

133136139144

133136140144

133136141144

134136141145

134137141146

134137141147

134137142148

134137142147

134137141146

133136140145146

Production Items With Farm Origin 2

1990-92 = 100

20022003200420052006

112115122127136

112115123126

112113126130

112116132134

110117135134

110117135135

112116136135

114115132133

116120130133

115123129136

116125126136

117124124136

113118129133136

Production Items With Non-Farm Origin 3

1990-92 = 100

20022003200420052006

120125129137148

120127129138

121129130140

121127131141

121126131140

122126131142

122126132142

122127133143

123127134145

123127136148

123127136146

123127134146

122127132142148

1 Simple average and is year-to-date for current year. 2 Feed, livestock and poultry purchases, and seed. 3 Fertilizer, agricultural chemicals, fuels, farm supplies and repairs, autos and trucks, farm machinery, building materials, and farm

services and rent.




Parity Ratio 2

1910-14 = 100

20022003200420052006

3738413937

38374240

41374441

36384541

37394641

38404540

38394440

38414339

38414139

36424037

37434138

37424038

3840433937

Adjusted Parity Ratio 3

1910-14 = 100

20022003200420052006

3940434340

41404543

43404745

39414745

39434845

40434844

40434643

41444543

40454343

38454240

39464341

39464242

4043454340

Ratio1990-92 = 100

20022003200420052006

7879868177

80788983

85779286

76789486

78839585

79849585

80839283

81869082

78878782

76888477

78908579

78898380

7984898277

1 Simple average and is year-to-date for current year. 2 Ratio of index of prices received by farmers to index of prices paid for commodities and services, interest, taxes, and wage rates. 3 Ratio of the index of prices received by farmers after adjustment for government payments to the index of prices paid for

commodities and services, interest, taxes, and wage rates.




Crop Sector (PPITW)1990-92 = 100

20022003200420052006

124129133140148

125131133141

125132134142

126131135143

126131135143

126131135143

126130135144

126131136144

127131136146

128131138148

127131138147

127131137146

126131135144148

Livestock Sector (PPITW)1990-92 = 100

20022003200420052006

120123127133140

120124127133

120124129135

120123132136

119123134136

119123134137

120123134138

121123132137

122125132138

122126133141

122127132139

123126130139

121124131137140

Commodities and Services, Interest, Taxes, and Wage RatesAdjusted for Productivity

1910-14 = 100

20022003200420052006

11391173120212381260

1140117712051241

1143118012101247

1139117012051231

1138116912101230

1139117012111232

1128115612021236

1130115712011238

1132116112021244

1151117112181260

1150117012171255

1151117012141254

11401169120812421260



Prices Paid Index Sub-Components: Monthly and Annual AverageUnited States, 2002-2006


Feed Sub-ComponentsFeed Grains

1990-92 = 100

20022003200420052006

86102104

9085

84103113

84

85102119

87

83102124

86

84104123

85

88101119

90

9494

10893

10495

10186

107969484

103949179

101978878

103101

8783

9499

1068585

Complete Feeds1990-92 = 100

20022003200420052006

111115119111117

110114123112

111114122114

112112130116

110112132118

113112130119

115111131121

116107123123

118111120120

117111113118

116118111115

115119108116

114113122117117

Hay and Forages1990-92 = 100

20022003200420052006

120121106115120

118122107115

119120108121

125125116128

127123129132

121122122128

118113119127

119109118127

119108118125

121109119126

120106116119

120105113120

121115116124120

Concentrates1990-92 = 100

20022003200420052006

105104125114130

102110126113

105110143122

104112149124

106118159128

109115140140

118114142138

121106118136

121123114117

110123107126

105137105133

104127104132

109117128127130





Supplements1990-92 = 100

20022003200420052006

123135135146155

124134134135

124134135142

123131138140

118129136133

123132136136

126130134140

128126131135

129127135133

133130133137

134135135142

135135138148

127132135139155

Livestock and Poultry Sub-ComponentsFeeder Cattle

1990-92 = 100

20022003200420052006

10299

113129143

10396

107129

9992

113133

9599

119137

9299

126138

91102137140

94107139137

96111141135

98122141140

100130143150

102126137150

105122130146

98109129139143

Feeder Pigs1990-92 = 100

20022003200420052006

138138104185175

146127120186

138123125195

111119126194

88109122164

59104116139

5282

109115

4664

108110

4073

116122

7397

129139

10294

150148

12696

175170

93102125156175

Milk Cow Replacements1990-92 = 100

20022003200420052006

143122123144163

143122123144

143122123144

152115140157

152115140157

152115140157

148116152162

148116152162

148116152162

127122145166

127122145166

127122145166

143119140157163





Poultry1990-92 = 100

20022003200420052006

111110110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110

111110110110110

Seeds Sub-ComponentsField Crops

1990-92 = 100

20022003200420052006

136147162163177

136147162163

136147162163

147162163177

147162163177

147162163177

147162163177

147162163177

147162163177

147162163177

147162163177

147162163177

144158163174177

Grasses and Legumes1990-92 = 100

20022003200420052006

118118109111118

118118109111

118118109111

118109111118

118109111118

118109111118

118109111118

118109111118

118109111118

118109111118

118109111118

118109111118

118111111116118

Fertilizer Sub-ComponentsMixed Fertilizer1990-92 = 100

20022003200420052006

105107117133144

104107119133

104112122134

104113122135

104113122135

104113122134

105113122135

105113124135

106114125140

106114128141

106115130144

106115130144

105112124137144





Nitrogen1990-92 = 100

20022003200420052006

111122152176222

111131156176

110147158176

110150157183

110146153186

113141156188

111138158184

110139163184

108141164190

110142170199

113144174217

115147176219

111141161190222

Potash and Phosphate1990-92 = 100

20022003200420052006

106102114150166

109103119152

109112124152

108113123155

106113124155

106108124160

105107124161

105110128163

105110133166

105111137166

104110143167

102111146167

106109128160166

Agricultural Chemicals Sub-ComponentsHerbicides

1990-92 = 100

20022003200420052006

112112113114114

111112113113

112112113113

112112113113

111112113113

111112113113

111112114113

111112113114

112112113114

110113113114

110113113115

112112113114

111112113114114

Insecticides1990-92 = 100

20022003200420052006

139145144132140

138146144130

138146144129

137147143139

138147142139

139148141139

140147140139

140147138140

141146137140

142146135140

143146134141

144145133140

140146140137140





Fungicides and Other1990-92 = 100

20022003200420052006

120125116120121

120126116119

119114117119

119115116120

120115117120

121115117120

121115118120

122115118121

123116118121

123116118121

124116118122

124116119121

121117117120121

Fuels Sub-ComponentsDiesel

1990-92 = 100

20022003200420052006

84136140179255

86172132190

100179138221

110141149224

106120151219

104122143239

110125154243

114129170257

130121178272

139133210339

120125202264

121127172253

110136162242255

Gasoline1990-92 = 100

20022003200420052006

81132136152211

85156138163

103168143182

118140152192

115131169187

114136155188

117137163208

119142154224

123145157253

136134178247

120123167198

113120143201

112139155200211

LP Gas1990-92 = 100

20022003200420052006

87173188173262

88201157176

107193157195

121158158191

118149170175

113159167176

113152178192

124153197212

139147186252

149159212256

142153211224

152163182243

121163180205262





Farm Supplies & Repairs Sub-ComponentsSupplies

1990-92 = 100

20022003200420052006

121124126130139

122124126130

122124126131

123124127131

124124127132

124124127132

124125127132

124125127136

124125128134

124125129135

124125129138

124126129139

123125127133139

Repairs1990-92 = 100

20022003200420052006

133137141148149

133137141148

133137140147

134138142149

134138142149

134138142149

134139143149

134139143149

134139144149

136139144149

136139144149

136139145149

134138143149149

Autos and Trucks Sub-ComponentsAutos

1990-92 = 100

20022003200420052006

112109108109110

111109108109

111109108109

110108108109

110108108108

109107107108

109107106107

108107106106

109107106107

109107106108

110108108109

110108108109

110108107108110

Trucks1990-92 = 100

20022003200420052006

119117116117114

118117116117

117117116117

117116115116

116116115116

116115115115

116114114113

115115113112

116114113113

117114113114

117115115114

117116116114

117116115115114





Farm Machinery Sub-ComponentsTractors

1990-92 = 100

20022003200420052006

140140145152158

140140145153

140141146153

140141146153

140141147154

140141147154

140142148155

140143148155

140144148155

140144149155

140145149157

140145149158

140142147155158

Self Propelled1990-92 = 100

20022003200420052006

145148162176177

146148164176

146148165176

147148167176

147149167176

147150166176

147152167176

147154167177

147156171177

147157174177

148158173177

148160176177

147152168176177

Other Machinery1990-92 = 100

20022003200420052006

151155155172175

151155155176

152155167176

153155164175

153155164175

153155164175

153155164175

153155163175

154155165175

154155165175

155155171175

155155170175

153155164175175

Farm Services Sub-ComponentsCustom Rates1990-92 = 100

20022003200420052006

120125125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125

120125125125125





Other Services1990-92 = 100

20022003200420052006

120121123127129

120121123127

120121123127

119122123127

120122123128

121123125130

121124125130

121124125130

121124125130

120122124129

120121124129

120121123129

120122124129129

Rent Sub-ComponentsCash

1990-92 = 100

20022003200420052006

143145145151159

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151

143145145151159

Share1990-92 = 100

20022003200420052006

9191919498

91919194

91919194

91919194

91919194

91919194

91919194

91919194

91919194

91919194

91919194

91919194

9191919498



Prices Paid Survey Estimates, Month Published and Level

Survey2005 Program Schedule 1

Survey and Publication Month Level of Estimates

Feed Apr Farm Production Regions and US

Feeder Livestock Monthly US

Seed Apr US

Fertilizer Apr Fertilizer Regions and US

Agricultural Chemicals Apr US

Fuels Apr Farm Production Regions and US

Farm Machinery Apr US

Grazing Fees Jan 2 States and Regions 1 Data collection and publication schedule for average prices paid by producers. 2 Survey estimates for previous year.


Prices Paid by Farmers

Definition: Prices paid by farmers represent the average costs of inputs purchased by farmers and ranchers toproduce agricultural commodities. Conceptually, the average price when multiplied by quantity purchasedshould equal total producer expenditures for the item.

Survey Procedures: The prices paid data are obtained from establishments that sell goods and services tofarmers and ranchers. Annually, about 8,500 firms are randomly selected from lists by type of item sold withan average response rate in the range of 75-80 percent. Firms are asked to report the price for the specifieditem "most commonly bought by farmers" or that was the "volume seller". Approximately 135 items aresurveyed each April to represent all production input items purchased. The survey reference period for mostitems is the 5 business days centered around the 15th of the month. Separate prices paid surveys areconducted for agricultural chemicals, fuels, feed, fertilizer, machinery, and seed.

Summary and Estimation Procedures: The annual April Prices Paid Survey is summarized as anonprobability survey. Average prices reported are aggregated to the region and U.S. level using weightsavailable from expenditure data and other administrative sources. Price recommendations are prepared by theState Field Offices and Headquarters for review by the Agricultural Statistics Board in Washington, D.C. Also, the change in price level for individual items surveyed are combined to the regional and U.S. levels, andare published as prices paid indexes referenced to a specific base period. Prices paid indexes for new autosand trucks, building materials, farm supplies, motor supplies, and marketing containers are updated based onprice changes measured in selected Bureau of Labor Statistics (BLS) indexes.

Revisions: Any revisions are published in the monthly and in annual issues of Agricultural Prices. The basisfor revision must be supported by additional data that directly affect the level of the estimate. More revisionsare likely in April when separate prices paid surveys are conducted, in lieu of BLS indexes, by the USDA tomeasure price change.

Reliability: Current methods of summarization in April are not designed directly to calculate samplingerrors. However, analytical measures approximate the U.S. relative sampling errors for major items around10 percent. Any nonsampling errors are attributed to such things as the inability to obtain correct information,differences in interpreting questions or definitions, mistakes in coding or processing the data, etc. Efforts aremade at each step in the survey process to minimize these nonsampling errors.

Program Change: Effective January 1, 1995, the National Agricultural Statistics Service updated theweights and changed the construction of its prices paid and received by farmers indexes. A Federal RegisterNotice dated October 28, 1994 discussed these program modifications.

A 1990-92 reference and base period replaced the 1977 reference and 1971-73 base weight period. Five-yearmoving average weights replaced the current fixed 1971-73 base period weights. The 1910-14=100 priceindexes, required by statute for computing parity prices, were linked forward based on the changes in the new1990-92=100 indexes. The new indexes were constructed by multiplying the ratios of the current prices tothe base period prices by the moving average weights (adjusted for seasonal marketing patterns for the pricesreceived indexes).


Information Contacts

General questions should be directed to Linda Hutton, Chief, Environmental, Economics and DemographicsBranch at (202) 720-6146. Below are the commodity specialists to contact for additional information.

Crop Prices ReceivedJoe Prusacki Chief, Crops Branch ................................................................................ (202) 720-2127

Greg Thessen, Field Crops Section .............................................................................. (202) 720-2127Scott Cox - Wheat, Rye ........................................................................................... (202) 720-8068Ty Kalaus - Corn, Proso Millet, Flaxseed ................................................................ (202) 720-9526Shiela Corley - Cotton, Cottonseed ......................................................................... (202) 720-5944Travis Thorson - Hay, Oats, Sorghum ..................................................................... (202) 690-3234Jason Lamprecht - Soybeans, Sunflower, Other Oilseeds ........................................ (202) 720-7369Dennis Koong - Peanuts, Rice ................................................................................. (202) 720-7688Brian Young - Sugarcane, Sugarbeets, Barley ......................................................... (202) 720-7621

Jim Smith, Fruit and Vegetable Section ....................................................................... (202) 720-2127Debbie Flippin - Peaches, Pears, Hops, Pulses, Mint .............................................. (202) 720-3250Rich Holcomb - Citrus ............................................................................................. (202) 720-5412Terry O’Connor - Apples, Apricots, Cherries, Cranberries, Plums, Prunes .................................................................................... (202) 720-4288Leslie Colburn - Grapes, Tobacco ........................................................................... (202) 720-7235Cathy Scherrer, Potatoes, Dry Edible Beans, Sweet Potatoes .................................. (202) 720-4285Jim Smith - Vegetables, Onions, Strawberries ........................................................ (202) 720-2127

Livestock Prices ReceivedDan Kerestes, Chief, Livestock Branch ........................................................................ (202) 720-3570

Bill Weaver, Livestock Section .................................................................................... (202) 720-3570Scott Hollis - Sheep, Lambs, Wool, Mohair ............................................................ (202) 720-4751Ann Summa - Milk, Milk Cows .............................................................................. (202) 720-3278Bruce Boess - Hogs ................................................................................................. (202) 720-3106Mike Miller - Cattle ................................................................................................. (202) 720-3040

Darin Jantzi, Poultry and Specialty Commodities Section ........................................... (202) 720-3570John Lange - Turkeys .............................................................................................. (202) 720-0585Sharyn Lavender - Eggs ........................................................................................... (202) 720-3244Jody Roberts - Broilers ........................................................................................... (202) 690-8632

Indexes, Prices Paid, and Parity PricesLinda Hutton, Chief, Environmental, Economics and

Demographics Branch ............................................................................................. (202) 720-6146

Kevin Hintzman, Economics Section ........................................................................... (202) 720-6146Eric Barnes - Farm Supplies and Repairs, Farm Machinery, Fuels, Feeder Livestock, Poultry Chicks, Feed Price Ratios, Grazing Fees, Autos & Trucks ............................................... (202) 690-4752Daryl Brinkman - Prices Received Indexes, Parity Prices .......................................................................................................... (202) 720-8844Tara Jackson - Prices Paid Indexes, Prices Paid for Feed,

Fertilizer, Agricultural Chemicals, Seeds ............................................................. (202) 690-3229

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