Farm Prices Down as Costs Rise for Farmers
The USDA reports the Index of Prices Received by farmers for the month ended April 15 at 111 percent of the 1867 average, unchanged from a year earlier, while the Index of Prices Paid for commodities and services rose to 119 percent. The Prices Received Prices Paid Ratio falls to 93, with parity at 69 under the old system, as lower receipts and higher costs reflect in the overall agricultural price picture.