—Lancaster Farming, Saturday, May 22,1971
6
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! Cii
■ ■■■■■■■■■■
>hone
State
Farm Prices Are
Down, Costs Up
Lower prices foi lettuce hogsj
and milk weie mainly xcspon (
sible loi a one cent decline in
the Index of Puces > received b\.
Faimeis dm mg the month ended
Anal 15. At 111 (pel cent of its
1887 aveiage), the index was un
changed from a yeai earhei, ac
cording to the USDA
Meanwhile, higher wage rates,
seed and fertilizer puces helped
push the Index of Prices Paid by
Farmers fot Commodities and
Services up one per cent to 119
per cent of its 1967 average This
index was up five points or four
per cent from a year earlier
As a result of the combination
of lower prices received and
higher prices paid, the new
Prices Received Prices Paid
Ratio stood at 93, .down two
points from a montlr earlier, four
points below a year earlier.
Under the old system, based
on the 1910-14 averages. Prices
Received declined two points
from a month earlier, but
one point from a year earlier
But, Prices Paid advanced three
points to 407, up 18 points fiom
a year earlier and the Parity
Ratio dropped one point—to 69
It had stood at 72 a year earlier,
the USDA said
Our Editorial
Page is the
fourth Page of
Section Two.
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