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Farmers made less, paid more in August

The USDA’s index of prices received by farmers fell from July to August, while the index of prices paid was up fractionally.

That reflects the economic situation being faced by many producers this year, with declines in the prices received for their commodities being canceled out by rises in input costs.

The index of prices received was down 1.8% on decreases for milk, market eggs, broilers, and grapes, against increases for hogs, hay, lettuce, and strawberries.

Farmers made less, paid more in August