Bulletin 456 June 1974 AGRICULTURAL EXPERIMENT STATION/AUBURN UNIVERSITY R. Dennis Rouse, Director Auburn, Alabama Indexes of Prices Received by Alabama Farmers Revised 1959-1973 PREFACE This publication is designed to revise and bring up to date the weight base period used to compute indexes of prices received by Alabama farmers, and to update information contained in Prices Received by Alabama Farmers, 1910-1958, Alabama Crop and Livestock Reporting Service, published in January 1959. Indexes, season and annual averages, and monthly prices received by Alabama farmers are for the years 1959 through 1973. This publication was prepared by the Department of Agricultural Economics and Rural Sociology of Auburn University in cooperation with the Alabama Crop and Livestock Reporting Service, Statistical Reporting Service of the U.S. Department of Agriculture, and the Alabama Department of Agriculture and Industries. CONTENTS Page PREFACE----------------------------------------------------------INTRODUCTION---------------------------------------------------------------5 3 Indexes of Prices Received By Alabama Farmers----------6 Changes in Commodity Importance-------------------------- 7 Index Computations------------------------------------------------10 Introducing Items Into and Deleting Items from the Index--19 INDEXES All Commodities-All Crops - ------------ - - - - - - - - - - 20 1 - ---- -- - - -- - -- - -2 -- -- ---- - -- -- - -- -2 -------------- -- - ------------------------All - --Cotton----------------------------- Livestock 2 23 Grains and Hay-------- O ilbearing -------------Fruits, Nuts, and -------------------- ---- --- - 24 Vegetables -- - - -- - - - - - - 25 -- ---- ---- -- -- -- - 2 6 -- -------- -- -- -- - 2 7 - - - - -- - - - - - - 28 --- --- ---- - - - Meat Animals --------------------------Dairy Products-Poultry and Eggs----PRICES - 29 Season Prices Received by Ala. Farmers for All Crops----380 Annual Average Prices Received by Ala. Farmers for All Livestock and Poultry---------------------------------------31 82--------------Cotton---------------------------- 33 Corn and Winter Wheat 34 ------Hay and Oats--------------------- -35 -----------------Grain Sorghum and Cottonseed----Peanuts and Soybeans--36 87 Irish Potatoes and Sweet Potatoes-------------------Peaches_----------------------Beef C attle -- ------ 38 388 -------- --------- -------------------- -- 39 ------------------------------------Calves and H ogs~ -40 Sheep and Lamb---------------------- - -Steers and Heifers- -Cows, M ilk Cow s-----------------------------------4 2 43 ----------B roilers, Chickens ------------------------4 --------- 4 ------------------------------E ggs, Turkeys FIRST PRINTING, 3M, JU~NE 1974 Auburn University is an equal opportunity employer Indexes of Prices Received by Alabama Farmers Revised 1959-1973 BENNY K. INGRAM and MORRIS WHITE* INTRODUCTION fHE PATTERNS of production and marketing of agricultural commodities by Alabama farmers are constantly changing. A means for making economic evaluations of the change is needed. One method that has been used extensively is that of composite price indexes." Calculation of composite price indexes requires selection and use of a weight base period. However, weights used to combine prices of the many commodities into an overall index must be updated periodically if the indexes are to be representative of the State's agriculture. The last major revision of the Index of Prices Received by Alabama Farmers was published in January 1959. In that revision, three weight base periods, each with a separate set of weights, were outlined. Weights for the years 1924-29 were used to represent the period January 1910 through June 1936, 1937-41 for the period July 1937 through June 1946, and 1949-53 for the period July 1946 to date. The current revision terminates the third time period in March 1962 and begins the fourth or current period. In January 1971, Federal agencies were required to use 1967 as the base period for computation of current indexes. Therefore, for the current revision, the 3-year period, 1966 through 1968 was selected as the * Author Benny K. Ingram is a Graduate Research Assistant and Co-author Morris White is a Professor of Agricultural Economics, Department of Agricultural Economics and Rural Sociology, Auburn University, Auburn, Alabama. For a detailed explanation see Agriculture Handbook No. 365, Major Statistical Series of the U.S. Department of Agriculture, Vol. 1. 1970. 6 ALABAMA AGRICULTURAL EXPERIMENT STATION weight-base period to maintain comparability with the U.S. Index of Prices Received. The indexes have been revised back to 1959 on the new base period. Price estimates used in computing indexes relate to average prices for all grades and quantities of farm commodities sold by Alabama farmers. They are prepared by the Alabama Crop and Livestock Reporting Service, using price data collected by mail questionnaires from buyers of farm products, supplemented by data from special commodity surveys, marketing agencies, and related sources. Prices are collected during a 5-day period, which is centered on the 15th of the month for most products and are generally considered to be prices received at the point of first sale. Prices are based on the "average price concept" which is computed by dividing total dollars received by farmers for a particular commodity by the total quantity sold. Other important uses of price estimates in addition to computing indexes are: (1) to provide current price data which can be combined with production and sales estimates to compute cash and gross farm income estimates, (2) to provide a historical price series, and (3) to contribute in the establishment of national prices and parity ratios. Season average prices are mid-month prices weighted by the estimated percent sold each month during the marketing season. Included in the season average prices for some commodities are allowances for unredeemed loans and purchases by the Government, if any, valued at the average loan and purchase rate. Annual average prices are calculated by weighting monthly prices by the estimated monthly volume of sales on a calendar-year basis. Monthly and season average prices are shown for all crops. Midmonth and annual average prices are shown for all livestock and products. Indexes of Prices Received by Alabama Farmers The Index of Prices Received by Farmers is a measure of trend and changes in prices received by farmers for their products at point of first sale. Indexes have come to be accepted as a convenient device for measuring price trends and making comparisons of prices of agricultural commodities. Price indexes combine the prices of a given group of individual farm products into a single composite figure, which compares prices for any month or year with prices during a base period. The use of the official base period (1910-14 - 100) facilitates INDEXES of PRICES RECEIVED 7 making a direct comparison of the trend in prices received by Alabama farmers with the trend of prices received by farmers nationwide. The All Commodity Index for Alabama expresses in a single figure, measured as a percentage of the 1910-14 average, the general level of prices for all commodities produced by Alabama farmers. This index can be compared directly with prices received by farmers in other states and for the nation. Indexes provide a method for making comparisons of price changes among commodity subgroups, though prices are quoted in different units of measure. For example, price changes for grains, with prices quoted in dollars per bushel, may be compared with price changes for meat animals, with prices quoted in dollars per 100 pounds. Also, the index provides a means of measuring change in prices for a group of commodities, though the individual items in the group vary widely in their relative importance in the State. These indexes reflect only the prices received in the market place and do not include government payments. Government payments contributed substantially to cash receipts of producers of cotton, wheat, and corn during the 1959-1973 period. Changes in Commodity Importance 2 Indexes of prices received are expressed on a basis of 1910-14 - 100, but fixed quantities of various commodities used in combining the prices of individual commodities into group indexes are based on more recent years. (See Table 2.) Prior to this revision, index numbers for Alabama were based on the weight-base period 1949-53. However, because of production shifts that may be either gradual or rapid and disposition changes, cash receipts from various commodities are constantly changing in relative importance. Hence, a constant weight-base period does not give consideration to the shifts in the relative importance of commodities over a period of time. Therefore, this revision updates the index by assigning each commodity a percent, or relative importance, which is based on value of sales during the years 1966-68. (See Table 3.) From the 1949-53 to the 1966-68 period the relative importance of the poultry and eggs subgroup increased from 9.65 to 37.71 percent of all commodities. This increase of 28 percentage points is attributable largely to the increased broiler and egg industry in Alabama. Broilers contributed approximately 20 points and eggs 2 See Table 1, page 8. 8 ALABAMA AGRICULTURAL EXPERIMENT STATION 8 points of the increase. This subgroup carried the heaviest weight in the livestock and poultry group for 1966-68, whereas meat animals carried the heaviest weight in the 1949-53 period. This occurred despite an increase from 20.15 to 25.66 percent of all commodities in importance of meat animals due to the very rapid growth in broiler and egg production. These two subgroups were primarily responsible for the increased importance of all livestock and poultry during the years 1966-68. The all crops groups continued the downward trend that has been evidenced since the first index for the State was constructed. In the all commodities index the relative importance of all crops RELATIVE TABLE 1. INDEX OF PRICES RECEIVED BY ALABAMA FARMERS: IMPORTANCE OF COMMODITIES DURING WEIGHT BASE PERIOD 1949-53 AND 1966-68 Commodity and subgroup Relative importance in index 1949-53 1966-68 average average Percent 41.88 9.18 Commodity and subgroup COTTON________________-____ MEAT ANIMALS GRAINS, HAY----------Corn----------------------- 3.15 2.40 3.32 2.16 .53 .09 Wheat----------------------Sheep&lambs .55 .47 Hay .06 DAIRY PRODUCTS .19 Oats_________________________ 7 Milk (w) 12 39 11.93 OILBEARING Cottonseed_______________ Cattle Hogs -9.86-7.1 Hogs Cales Relative importance in index 1949-53 1966-68 average average Percent 25.66 20.15 02 32 5.21 .042 -_ 6.85 5.20 6.75 6.75 -----------------Broilers--------_-Chickens sold .--- _..80 4.99 6.39 VEGETABLES potatoes -----Tuky:29 .27 Sweet potatoes-----FRUITS, NUTS, -_____ 5:01 6.50 Peanuts -------------------- Butterfat-.12 5.77 POULTRY, EGGS 1.00 Soybeans Irish 1.35 1.04 4.43- 161 Milk (r) __ 1.53 9.65 4.43 37.71 23.62 Tes _____4___ .902 .32 132 70.12 Watermelons______ 1 ' 1 Tomatoes ---------- .45 .10 TOTAL LIVESTOCK, .66 POULTRY---------ALCOMMODIALL_______ TIES ._-__________ 2 36.65 Snapheans _______ Cabbage Sweet corn_________ Strawberries ------- ' 1 .14 .48 1.83 100.00 100.00 Peaches----------Pecans ----------Truck crops-----TOTAL CROPS 1Listed .27 1.00 --- 3.50 29.88 63.35 'Lse 'Butterfat, 2 omdt as truck crops only in 1949-53. not included in this base period. retail milk and wholesale milk are combined for 1966-68. " Beef cattle and calves are combined for 1949-53. 8 Chickens and broilers are combined for 1949-53. Wholesale. 8 Retail. individually in the 1966-68 base period. INDEXES of PRICES RECEIVED 9 TABLE 2. INDEX OF PRICES RECEIVED BY ALABAMA FARMERS: AVERAGE ANNUAL QUANTITIES SOLD FOR EACH INDEX ITEM DURING THE WEIGHT BASE PERIODS 1949-53 AND 1966-68 Commodity Unit Weight base period Unit 1949-53 1966-68 (000) CROPS 418,800 lb. Cotton lint Grains and hay 5,333 -----------------------bu. Corn .------bu. 154 W heat ---------------------- - --. ton 63 Hay------. bu. 642 Oats -----------------------Oilbearing ton 336 Cottonseed 234,640 lb. Peanuts 1,485 bu. Soybeans -----------------------------Fruits, nuts, vegetables 2,007 cwt. I. potatoes ............................ 200 . cwt. S. potatoes ................ cwt. W atermelons -............---------- 1,401 . -- Tomatoes ................ cwt. 286 (000) lb. bu. bu. ton bu. ton lb. bu. cwt. cwt. cwt. cwt. 210,560' 8,635' 2,029 122 435 1681 234,206 12,8652 2,422 303 1,280 380 39 56 cwt. cwt. Snapbeans 126-cwt. C abbage------------------------------131 cwt. 192 cwt. Sweet corn 3,118 lb. Strawberries 24,000 lb. 367 bu. Peaches .-----------. 28,667 lb. 18,055 lb. Pecans LIVESTOCK AND POULTRY Meat animals 4,143 cwt. 1,375 cwt. Cattle.------------------1,842 cwt. 719 cwt. Calves -----------------------------. 2,3 54 2 ,094 cwt. H ogs ..................................... Dairy products cwt. 3,856 cwt. -------------------------...... 6,950 Milk (w) M ilk (r)-.------------------------------qt. 32,200 Poultry and eggs 1,140,140 lb. 51,796 lb. Broilers .-----------53,717 lb. 17,412 lb. Chickens sold----------207,999 doz. 43,233 doz. Eggs ................... --------------- Turkeys............ ... lb. 3,438--- 11969 data were used instead of 1967 data because 1967 was an unusual crop year. 2 1969 data were used instead of 1966 data because 1966 was an unusual crop year. dropped from 63.35 percent during the 1949-53 base period to 29.88 percent in the 1966-68 base period. This tremendous change was largely attributable to cotton lint, which decreased in relative importance from 41.88 percent to 9.18. With the sharp decrease in relative importance of cotton, the oilbearing group, representing 12.39 percent of all commodities has more weight than any other crop subgroup. Of the oilbearing crops, soybeans increased from 1.0 percent to 5.77 percent of all commodities. The grains 10 ALABAMA AGRICULTURAL EXPERIMENT STATION 10 ALABAMA AGRICULTUA XEIMN TTO and hay subgroup increased slightly in relative importance from 8.15 to 3.82. Increased wheat and hay sales were mainly responsible for this. The fruits, nuts, and vegetables subgroup was also a small contributor to the decline in relative importance of crops in the indexes. The fruits, nuts, and vegetables subgroup fell from 6.39 percent to 4.99 percent of all commodities. TABLE 3. INDEX OF PRICES RECEIVED BY ALABAMA FARMERS: RELATIVE IMPORTANCE OF GROUPS AND SUBGROUPS IN THE INDEX DURING WEIGHT BASE PERIODS 1949-53 AND 1966-68 1966-68 1949-53 Groups T Within grou groupreceipts Within grup Totl T Ttal Average cash ----------------- Percent----------- --CROPS - ($000) 48,729 29.1 66.1 Cotton --------------------------18,311 10.9 5.0 Grains and hay-----------------------------65,833 39.3 18.8 Oilbearing------------------------------34,720 10.1 20.7 Fruits, nuts and vegetables___-. 167,592 100.0 100.0 Subgroups total -------------------------------25,413 ---Other crops ------------------------29.9 193,005 63.4 Total crops group------------------- LIVESTOCK AND POULTRY ---------Meat anim als--------------- 55.0 18.7 Dairy products--------------------------------------- 26.3 Poultry and eggs---------------100.0 -------------Subgroups total ----------------O ther livestock---------------------36.6 Total livestock and poultry group--. ---100.0 ALL FARM COMMODITIES _--_--- 36.2 162,709 9.8 54.0 100.0 44,245 243,157 450,111 2,906 --------- 70.1 100.0 453,017 646,022 Index Computations The Alabama Prices Received Index is computed b'7 a method similar to that used in computing the U.S. Index of Prices Received. Indexes were computed for the period March 1962-December 1973 and then linked together as of March 1962 to the previous period of July 1946 to March 1962 to provide a continuous series since 1910 using 1910-14 = 100. As was previously discussed, the years 1966-68 were selected as the base period for both price and quantity weights. One year or the average of several years may be used as the base period. However, by using the average of several years, any unusual circu'mstances that might have occurred in a single year are minimized. Each individual commodity within its respective subgroup has a base weight (average volume sold during the base period). The use of the base weight keeps each commodity at the same relative importance until the next index update. INDEXES of PRICES RECEIVED INDEXES of PRICES RECEIVED 11 1 Base aggregates of commodities and commodity subgroups for the period 1966-68 were computed by multiplying the average volume sold during the base period by the average weighted price for the base period. The average weighted price for an individual commodity was obtained by taking the total value of an individual commodity sold during the base period and dividing by the total volume of the individual commodity sold during the base period. (See Table 4.) Similar aggregates were computed for each month by multiplying appropriate average base-weight quantities sold by current monthly prices. The current monthly subgroup aggregate divided by the base-weight period aggregate yields the monthly subgroup index on the base 1966-68= 100 for TABLE 4. BASE WEIGHTS FOR 1966-68 AND BASE WEIGHT AGGREGATES COMMODITY AND SUBGROUP DURING THE BASE PERIOD 1966-68= OF EACH 100 Comdt nt Total volume 631,680 25,905 6,087 365 1,305 505 702,620 38,595 _.86,000 7,265 910 3,840 1,140 117 394 72,000 12,430 4,027 7,062 Total value ($000) 142,997 34,551 8,608 9,565 Average volume 210,560 8,635 2,029 122 485 168 234,206 12,865 2,422 303 1.280 380 39 131 24,000 28,667 4,143 1,342 2,354 6,950 1,140,140 53,717 207,999 COTTON--- 000 lb. Average Base wegtdar- gate price (Dollars) ($000) .2264 47,671 1.33 1.41 26.21 .83 17,905 11,485 GRAINS, HAY Corn--000 bu. Wheat Hay Oats-- -- 000 bu. 000 tons 000 bu. 2,861 1,079 25,469 79,690 92,871 16,477 4,993 7,110 3,198 361 65,941 8,472 26,465 31,004 26,208 5,498 1,663 2.368 3,697 474 738 1,708 10,062 162,765 83,896 33,013 45,856 43,299 43,299 238,284 149,358 5,103 83,823 OILBEARING Cottonseed Peanuts Soybeans-- 000 tons 000 lb. 50.43, 000 bu. .113 2.41 FRUITS, NUTS, VEGETABLES I. potatoes-_- 000 cwt. S. Watermelons- 000 cwt. Tomatoes---Sweet 000 cwt. 000 cwt. potatoes--- 000 cwt. 11,092 1,421 Snapheans___ 000 cwt. 0001lb. Peaches ------ corn-- Pecans.---__ Beef 000 lb. 2,218 5,131 30,201 251,735 99,065. 137,568 129,883 449.206 2.27 5.49 1.85 9.73 12.15 5.63 .0712 .351 20.25 24.60 19.48 6.23 .131 .095 .403 MEAT ANIMALS Hogs_______ Milk Calves ------ cattle---- 000 cwt. 000 cwt. 000 cwt. DAIRY PRODUCTS POULTRY, EGGS Eggs (w) -----cwt. 000 20,850 3,420.421 161,151 623,999 000 Broilers----- lb. Chickens sold 000 lb. sold---- 000 dz. 15,340 251,173 12 ALABAMA AGRICULTURAL EXPERIMENT STATION the month in question. (See example of worksheet used in computing indexes for this revision, pages 13-14.) Monthly subgroup indexes are combined into an all crop index and an all livestock and poultry index using percentage weights derived from average cash receipts during the designated base period. (See Table 3.) Group percentage weights were derived from average cash receipts, including as appropriate, receipts from commodities not individually treated in the computations (See page 17 on nonindex commodities).3 For example computation of the poultry and eggs index includes only broilers, chickens and eggs, but in computing the percentage weight for this subgroup index, average cash receipts from turkeys were added to those of the other three commodities. The all crop index and the all livestock and poultry index were similarly combined into the all farm commodities index using average cash receipts as weights. The U.S. Index of Prices Received by Farmers is computed on two base periods. The 1967 = 100 base is now the standard reference base for major statistical series of the Federal Government and the 1910-14-- 100 base is the base period prescribed by law. Thus, the revised Alabama Index of Prices Received by farmers (1966-68 - 100) is comparable to the revised U.S. base period (1967 = 100). However, if a continuous series on the 1910-14 - 100 base is to be maintained, a linking procedure is necessary. 4 This involves the selection of a link month or period. For this revision, March 1962 was selected as the link month because the all crops and the all livestock and poultry indexes were most nearly the same during this month. To convert the 1966-68 -= 100 index to the 1910-14 = 100 base, a conversion (or link) factor was computed for each subgroup, group, and all commodities index. The price index for an individual group for March 1962 was determined first using 1949-53 -= 100 and second using 1966-68 - 100. The ratio of the first index to the second index was the conversion factor used to change the 1966-68 based index to the 1949-53 base period. This factor was then multiplied by the factor used to change the 1949-53 based index numbers to the 1910-14 base period. These are preliminary conversion factors for the groups and subgroups and are shown in Table 5. SA commodity that is included in the computation of the aggregate weights but is 4not included in the computation of subgroup weights. Agriculture Handbook No. 365. WORKSHEET USED IN COMPUTING MONTHLY INDEXES m Month BaeCretBasewt Unit Year 19 x m 0 0 Product sands thu 961968 (1) wt. Current pic aggreae 1lX 2 (3) (2) Wts. for Co adIndex Current obtain-Co n to be l livestock Wts. for Converngt ind t Crex aggreindex stockl current all cornsion published 9 X modities factor index & co 3 =4 gate current 5 X 6 cropx index (9) (7) (6) (5) (4) w (8) X X X X X X X X X X X X X X X X X COTTON Corn .Wheat Hay --Oats .- -----Lb. _. 210,560 8,635 2,029 47,671 29.1 X 1.8049 m m ---___ Bu. Bu. Ton -------- 122 GRAINS &HAY Cottonseed Peanuts Bu. -------._______- x -------Ton x 435 168 x x X X X X 17,905 x x x x x x x x x x x x x x x x 10.9 x x x x x x x X x x x x x x x Lb. .__ _---u. B --------____--- OILBEARING----S. potatoes Soybeans -- __--_ x 234,206 12,865. x 65,941 39.3 X X I. potatoes------------ Watermelons----. Tomatoes------Snapbeans------Sweet corn.-----Peaches--------- --------------- Cwt. Cwt. Cwt. 2,422 303 1,280 -- Cwt. --------Cwt. Cwt. FRUITS, VEGETABLES---ALL CROPS- _---- ----- ----- -- -- Pecans-------- -NUTS & ------Lb. Lb. _ 380 39 131 24,000 28,667 X X X X X X X X x x x 26,208 x x x x x x x x 20.7 x x x x x x x x x x x x x 1.3659 x x x 2.3839 x x x x x x x x 3.3076 2.2956 x x x x x x x x x x x x x x x x x x x X 29.9 x x cw WORKSHEET USED IN COMPUTING MONTHLY INDEXES (Continued) Base Unit wt. Current aggre- Product thousands 19661968 (1) price (2) gate 1X2 (3) Current r Base wt. Current obtain livestock Wts. for Conver- to be sion published aggreindex livestock current all cor9 X index modities factor gate 3-4 5X6current index index (8) (9) (5) (6) (7) (4) inn al Wts. for Cr and Index P- 4,143 Cattle -C_ Cwt. Cwt. 1,342 Calves --------------------------- ----_--- Hogs --------------Milk X X X X X X X X X X X X X X X X X X X X X X X Cwt. 2,354 0 C C MEAT ANIMALS--------- X Cwt. X X 6,950 X X 162,765 X 36.2 X X X X X 3.9177 X (w)---------------- DAIRY PRODUCTS ------ Broilers Chickens sold----------- ---------------- X 1,140,140 43,299 X X 9.8 X X X X X 2.8399 X X Lb. Eggs_----------------POULTRY & Lb. Doz. 53,717 207,999 X X X X X X X X X X X X X X EGGS ------- X X X 238,284 54.0 X X 1.4835 m ALL LIVESTOCK-------. All Commodity Current Index 7 X 8------ ---ALL COMMODITIES _ ---X X X X X X X X X X X X X X X X X X X X X 70.1 X X 2.4976 X 2.4372 x 00 X m m z -4 0 z INDEXES of PRICES RECEIVED 15 INDEXES of~PRICES RE.CEIVED FACTORS FOR 1966-68 AND 1949-53 BASED INDEXES 1 TABLE 5. LINK MONTH INDEXES FOR MARCH 1962 AND PRELIMINARY CONVERSION March 1962 index ______________factors Commodity 1949-53 1966-68 100 Preliminary conversion base 1 ALL CROPS.___________ Cotton .____________ Grains, bay Oilbearing._________ Fruits, nuts, vegetables--------88.4 88.5 78.7 91.4 86.6 From 1949-53 From 1966-68 Percent 1001 2) (col. 1 to 1910-14 t-1100 '100 (o1X4 base=100 2 102.2 139.1 98.6 95.5 65.1 101.7 90.4 89.1 111.5 3 86.4970 63.6232 79.8174 95.7068 4 2.7268 2.9415 1.7744 5 2.3586 1.8715 1.4163 ----------- 2.5828 2.5782 2.4719 3.4297 133.0261 86.4306 101.9911 112.4579 62.9596 ALL LIVESTOCK, 87.9 POULTRY______ _________ Meat animals_______ 92.2 100.2 Dairy products Poultry, eggs--------- 70.2 ALL COMMODITIES 2.9690 3.7351 2.4556 2.2911 2.8130 2.5661 3.8095 2.7615 1.4425 2.4372 88.2 101.8 ------------ 86.6404 Adjustments were made in the preliminary conversion factors, 1966-68 = 100, in an effort to keep the group indexes from falling outside the range of the subgroup indexes when converted to the 1910-14 = 100 base. The computation for these adjustments are as follows: Preliminary conversion factor All crops Livestock and poultry 2.3586 2.5661 1966-68 weights 29.9 70.1 = X weights for All Crops and All Livestock and Poultry Preliminary Preliminary link for the All Commodity Group 2.3586 X .299 ± 2.5661 X .701 = links .70522 + 1.79884= 2.5041 An All Commodities final conversion factor, 1966-68 weights adjust- Preliminary links X weights for the All Commodity Group 2.4372 = ment weight factor 2.5041 All Crops final conversion factor .9733 All Crops preliminary conversion factor X Adjustment weight factor= 2.3586 X .9733= 2.2956 16 ALABAMA AGRICULTURAL EXPERIMENT STATION 16 ALABAMA AGRICULTUA XEIMN TTO All Livestock and Poultry preliminary conversion factor X Adjustment weight factor = All Livestock and Poultry final conversion factor 2.5661 X .9733= 2.4976 Check: All Commodities final conversion factor 2.4976 X .701 2.2956 X .299 + 1 - 2.4372 F inal subgroup co]nversion Crops Commod - Final Subgroup Conversion Factors Preliminary link ity 1966-68 weights factor 2 .291 .109 .393 .207 C otton ------------ -Grains, hay---------Oilbearing .---------Fruits, nuts, vegetables. All 1.8715 1.4163 2.4719 3.4297 t nin; Ubs 1X2 .5446 .1544 .9715 .70992.3804 crops ------------ Adjustment factor to compute final conversion factor for crops subgroups : All Crops final conversion factor A A cf-Puhtbf n f ttv si ubgroups Crops Subgroups final conversion factor 2.2956 -. 94 2.3804-.94 1 xi WU18111 1c11:1V1 1V1 Final adjusted conversion factors for Crop Subgroups: Preliminary link 1 194 Cotton187194____________________. 1.4163 Grains, hay____________________ Commodity Oilbearing_---------- Adjustment weight factor 2 .9644 .9644 2.4719 .9644 3.4297 Fruits, nuts, vegetablesCheck: All Crops final conversion factor 1.8049 X .291 + 1.3659 X .109 + 2.3839 X .393 + 3.3076 X .207 2.2956 Final adjusted conversion factor 1X2 1.8049 1.3659 2.3839 3.3076 = Livestock and Poultry - Final Subgroup Conversion Factors Final subgroup 1966-68 Preliminary conversion factor weights link Commodity 1X2 2 1 .362 3.8095 1.3790 Meat animals-------.2706 .098 2.7615 Dairy products -----.7790 .540 1.4425 Poultry, eggs-------All livestock and 2.4286 poultry ------- --Adjustment factor to compute final conversion factor for All Livestock and Poultry: All Livestock final conversion factor Adjustment weight factor for subgroups Livestock and Poultry subgroup conversion factor INDEXES of PRICES RECEIVED 17 INDEXES of PRICES RECEIVED 2.4976 2.4286 2.4976 1 = 1.0284 Adjustment Final adjusted Final adjusted conversion factor for Livestock and Poultry Subgroups: Preliminary Commodity Meat animals------------___ Dairy products_______ link 1 3.8095 2.7615 weight factor 2 1.0284 1.0284 conversion factor 1X2 3.9177 2.8399 Poultry, es__s------------_1.4425 1.0284 1.4835 .54 = Check: Livestock and Poultry final conversion factor: 3.9177 X .362 INDEX AN + 2.8399 X .098 + 1.4835 X 2.4976 WEIGHTS NONINDEX ITEMS USED IN COMPUTING FOR THE PRICES RECEIVED INDEX GROUP Subgroup COTTON GRAINS, HAY Index commodity Cotton Corn Wheat-Sorghum Hay Oats Cottonseed Peanuts Soybeans I. potatoes S. potatoes Watermelons Tomatoes Snapbeans Sweet corn Peaches Pecans Nonindex commodity None Tobacco grain Tungnuts Beans, lima Cabbage Cantaloups Misc. vegetables Strawberries Other fruits & nuts Forest products Hort. specialties Fescue SD Crimson clover SD Lespedeza SD Sugarcane syrup Other field crops OILBEARING FRUITS, NUTS, VEGETABLES OTHER CROPS MEAT ANIMALS DAIRY PRODUCTS POULTRY, EGGS OTHER LIVESTOCK B. cattle Calves Hogs Milk (w) Broilers Chickens, farm Eggsr Sheep lambs Milk (r) Turkeys Misc. livestock. Honey Beeswax Wool Other livestock 18 ALABAMA AGRICULTURAL EXPERIMENT STATION 18 ALABAMA AGRICULTUA XEIMN TTO The adjusted new conversion factors convert 1966-68 indexes to 1910-14 = 100. Monthly indexes beginning with March 15, 1962 prices may be computed now by multiplying monthly prices times 1966-68 average quantity sold. The product is a current aggregate. The factor'obtained by dividing the sum of current*aggregates by subgroup base weight aggregates becomes the new current index on a 1966-68 = 100 base. Then the product of the current index multiplied by the new adjusted conversion factor results in the current index converted to a 1910-14=100 base. subgroup TABLE 6. DATA USED TO COMPUTE FACTORS FOR ADJUSTING INDEXES BASED ON 1966-68 QUANTITIES TO 1910-14 = 100 (LINKING DATE-MARCH, 1962) 1966-68 base Commodity Baseconversion Index period Within Factor' group wegts1966-68 i-=100 ights s 2.3586 1.8715 1.4163 2.4719 3.4297 2.5661 3.8095 2.7615 1.4425 2.4372 Adjusted factor Percent ALL CROPS______________1949-53 88.4 1966-68 102.2 100.0 29.9 Cotton -------------------1949-53 88.5 29.1 ____ 1966-68 139.1 Grains, hy--1949-53 78.7 10.9 -1966-68 98.6 Oilbearing 2.29562 1.80493 1.36593 2.3839 3.30763 2.4976' 3.91774 2.8399 1.48354 ---- - 1949-53 91.4 Fruits, nuts, vegetables ______-ALL LIVESTOCK AND POULTRY---Meat. animals____Dairy products Poultry, - eggs 1966-68 1949-53 1966-68 1949-53 1966-68 1949-53 1966-68 -_ 1949-53 1966-68 1949-53 95.5 86.6 65.1 87.9 101.7 92.2 90.4 100.2 89.1 70.2 39.3 20.7 100.0 36.2 9.8 54.0 __ ____ 70.1 -- ___ ----- ALL COM MDITIES_.__,-- - 1966-68 1949-53 1966-68 = 111.5 88.2 _101. __ 100.0 'March '62 Index ('49-'53 22.4372 100) 100)X March '62 Index ('66-'68= Conversion Factor (1949-53= 100) (All Commodities C.F.) X (1) All Crops factor 2.3586; (2) All Live(29.9) (2.3586) + (70.1) (2.5661) stock factor 2.5661 s '2.2,956 (29.1),, (1.8715) +-(10.9)(1.4163) ± (39.3) (2.4719) + (20.7) (3.4297)X (1) 1.8715, (2) 1.4163, (3) 2.4719, (4) 3.4297 ____4___ 2.4976 (36.2) (3.8095) + (9.8) (2.7615) ± (54.0) (1.4425)X(13.05(22765 (3) -1.4425 INDEXES of PRICES RECEIVED 19 Introducing Items into and Deleting Items from the Index When revising an index, it is necessary to reevaluate the items involved for their significance. The most favorable time to introduce or delete a commodity in an index is at the beginning of a base weight period since the effect of the new commodity is taken care of in computing the new base weight aggregate for the group. However, a commodity can be added to or deleted from the index anytime data becomes available. No items were added and those deleted for this revision are as follows: Commodity subgroup Fruits, nuts, vegetables Dairy products Poultry, eggs TABLE Commodity dropped Cabbage Strawberries Milk (r) Turkeys 1959-73 7. INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, Year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 All livestock and poultry All commodities All crops (1910-14 = 100) 254 261 250 246 256 239 247 258 241 248 250 245 246 243 251 236 230 249 247 243 253 256 263 237 238 239 233 246 249 237 263 278 229 261 271 238 263 263 261 293 296 286 428 442 396 (1966-68 = 100) 102 102 104 102 103 100 98 96 104 102 100 106 101 97 110 97 92 109 101 97 110 105 106 103 97 96 102 101 100 103 108 111 100 107 108 104 108 105 114 120 119 124 176 173 177 20 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 8. ALL COMMODITIES: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1910-14 = Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 262 239 240 250 252 241 234 262 239 239 251 274 256 279 341 260 243 242 250 256 238 242 271 243 245 259 272 265 290 362 257 245 243 243 245 233 245 247 246 272 264 261 239 235 238 244 241 241 260 257 263 271 260 257 259 257 260 291 277 283 407 407 420 260 247 243 248 256 238 259 249 245 241 253 232 261 258 243 244 245 248 242 247 245 247 235 241 255 256 259 260 240 248 246 253 270 278 257 262 262 270 289 301 443 446 262 252 252 248 246 238 251 254 242 251 270 254 266 295 548 256 250 249 256 242 238 249 250 237 254 265 258 268 302 480 100) AnOct. Nov. Dec. nual av. 247 237 250 244 257 256 258 246 239 240 237 235 241 244 243 240 229 230 242 245 258 260 254 259 262 260 296 303 459 406 234 241 248 249 232 231 249 232 283 245 267 251 267 310 417 254 246 247 248 246 236 247 256 238 246 263 261 263 293 428 TABLE 9. ALL COMMODITIES: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 108 101 103 103 103 99 96 108 98 98 103 112 105 115 140 Feb. Mar. Apr. May June July Aug. Sep. 106 102 106 104 105 98 99 111 100 101 106 112 109 119 149 106 105 105 102 105 98 101 112 98 100 107 111 106 120 167 104 105 100 99 104 95 101 108 96 99 106 107 106 114 167 102 102 103 102 97 94 100 99 100 101 96 96 101 105 107 106 98 98 99 101 108 111 105 106 107 108 116 119 172 182 103 102 94 101 102 99 105 107 102 104 114 108 111 124 183 102 101 95 102 101 98 103 104 99 103 111 104 109 121 225 101 100 94 105 99 98 103 103 97 104 109 106 110 124 197 AnOct. Nov. Dec. nual aV. 97 101 94 104 98 97 99 100 94 99 106 104 107 122 188 96 101 95 101 99 97 100 99 94 101 107 106 107 124 166 100 101 100 102 95 95 102 95 95 101 109 103 110 127 171 102 102 98 102 101 97 101 105 97 101 108 107 108 120 176 INDEXES of PRICES RECEIVED 21 INDEXES OF PRICES RECEIVED BY ALABAMA TABLE 10. ALL CROPS: FARMERS, 1959-73 (1910-14 = 100) Oct. 247 244 256 248 243 251 244 228 232 244 221 256 272 278 462 AnNov. Dec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 251 235 225 241 250 242 251 242 223 239 228 218 253 281 306 TABLE 250 238 227 241 255 243 253 248 224 236 231 222 253 283 329 11. 252 240 230 235 259 243 253 250 228 233 231 223 253 286 347 252 241 237 240 259 245 261 252 229 236 233 227 254 287 341 254 239 238 251 254 252 262 240 233 236 234 231 254 287 398 260 257 263 236 238 251 244 245 250 254 253 243 255 256 253 259 258 249 264 264 254 241 242 225 234 234 244 233 231 237 234 238 233 238 258 287 452 243 265 287 417 244 261 287 439 256 247 245 242 251 247 252 228 231 245 227 249 272 279 402 233 236 256 246 242 248 238 227 241 238 220 253 266 285 430 228 228 242 246 238 251 237 223 247 230 222 250 274 300 430 250 289 241 245 251 249 253 237 233 237 229 238 261 286 396 ALL CROPS: INDEXES OF PRICES RECEIVED FARMERS, 1959-73 (1966-68 = 100) BY ALABAMA Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 103 1960 97 1961 100 1962 102 1963 109 1964 105 1965 109 1966 105 1967 97 1968 104 1969 99 1970 95 1971 110 1972 122 1973 .184 104 105 104 99 101 102 111 106 110 108 98 103 101 97 110 123 144 100 103 102 113 106 110 109 99 101 101 97 110 124 151 102 106 105 113 107 114 110 100 103 101 99 111 125 148 107 101 106 109 111 110 114 105 102 103 102 101 111 125 173 107 100 105 111 111 113 115 105 102 102 102 104 113 125 197 107 99 105 110 112 113 115 105 102 101 104 106 115 125 182 109 103 106 106 110 109 111 98 106 103 102 106 114 125 191 105 102 106 106 110 108 111 99 101 107 99 108 119 121 175 Oct. Nov. Dec. 100 100 104 108 106 109 110 99 101 106 96 112 119 121 201 96 98 104 107 106 108 106 99 105 104 96 110 116 124 187 96 97 102 107 104 109 104 97 108 100 97 109 119 131 189 Annual av. 104 100 104 106 110 109 110 103 102 103 100 104 114 124 173 22 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 12. ALL LIVESTOCK AND POULTRY: BY ALABAMA FARMERS, 1959-73 (1910-14 INDEXES OF PRICES RECEIVED = 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 282 247 266 265 253 240 225 271 245 239 262 299 257 278 357 277 252 270 265 257 235 236 280 251 249 271 295 270 292 376 273 260 266 254 254 236 241 282 243 248 273 293 262 293 433 270 260 259 241 249 226 240 269 237 243 268 275 258 271 437 262 253 252 239 240 224 238 270 240 243 276 268 263 280 429 261 254 248 236 240 222 251 266 242 252 286 262 264 290 438 259 255 252 243 243 233 252 265 254 262 296 271 271 307 458 258 252 256 250 243 232 249 267 240 256 286 259 267 298 597 257 253 257 262 238 233 247 260 239 258 283 262 265 312 515 AnOct. Nov. Dec. nual av. 247 262 256 254 237 231 239 249 227 240 275 253 256 304 457 246 259 256 246 238 229 246 246 224 248 278 261 257 311 393 244 261 263 256 259 258 250 250 227 243 221 280 254 236 225 252 287 251 263 314 409 243 263 289 249 278 271 263 296 442 TABLE 13. ALL LIVESTOCK AND POULTRY: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) AnDec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 110 102 105 104 101 96 90 109 98 96 105 120 103 111 143 108 104 109 105 103 94 94 112 100 100 109 118 108 117 151 107 107 105 102 102 95 96 113 97 99 109 117 105 117 173 104 106 98 97 100 91 96 108 95 97 107 110 103 109 175 100 104 93 96 96 90 95 108 96 97 110 107 105 112 172 99 104 90 94 96 89 101 107 97 101 115 105 106 116 175 101 103 89 97 97 93 101 106 102 105 118 108 109 128 183 99 100 90 100 97 93 100 107 96 103 115 104 107 119 239 99 99 89 105 95 93 99 104 96 103 113 105 106 125 206 Oct. Nov. 96 102 90 102 95 92 96 100 91 96 110 101 103 122 183 96 102 92 98 95 92 99 98 90 99 111 104 103 125 158 101 103 99 100 91 89 102 95 90 101 115 101 105 126 164 102 103 96 100 97 92 97 106 96 100 111 108 105 119 177 INDEXES of PRICES RECEIVED 23 INDEXES OF PRICES RECEIVED BY ALABAMA TABLE 14. COTTON: FARMERS, 1959-73 (1910-14 - 100) AnOct. Nov. Dec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 276 275 277 277 277 278 257 257 257 257 257 257 239 240 244 252 257 265 261 261 251 259 279 287 259 267 271 271 267 271 250 251 251 255 259 267 225 225 225 235 235 247 219 224 227 227 235 231 157 159 166 172 172 172 195 183 175 183 183 179 159 163 168 172 172 175 159 163 163 172 172 175 168 168 168 172 179 175 247 247 247 247 247 247 235 231 247 223 223 223 TABLE 15. COTTON: 279 257 265 287 271 267 251 235 175 175 183 175 187 247 223 295 277 277 267 263 251 239 175 211 191 172 175 187 247 223 290 273 269 271 267 249 241 174 183 219 168 179 215 223 223 280 268 285 262 262 239 235 166 190 215 174 183 223 211 879 260 256 279 254 255 231 224 164 217 193 168 175 223 215 327 247 247 263 251 247 226 218 155 223 168 168 168 231 223 303 276 260 261 265 264 250 233 203 183 188 170 172 191 237 255 FARMERS, INDEXES OF PRICES RECEIVED BY ALABAMA 1959-73 (1966-68 = 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 147 137 132 139 144 139 125 122 87 108 88 88 93 137 180 147 137 132 139 148 139 125 124 88 102 91 91 93 137 128 148 137 133 139 150 139 125 126 92 97 93 91 93 137 137 148 137 135 144 150 141 130 126 95 102 95 95 95 137 124 148 137 137 155 148 144 130 130 95 102 95 148 137 137 159 150 148 187 128 95 99 97 149 137 141 159 150 148 139 130 97 97 102 97 104 137 124 157 149 146 148 146 139 133 97 117 106 95 97 104 137 124 155 148 144 150 148 138 133 96 102 122 93 99 119 124 124 AnOct. Nov. Dec. nual av. 146 142 152 145 145 133 130 92 105 119 96 102 124 117 210 141 1386 149 141 141 128 124 91 121 107 93 97 122 119 181 136 132 141 139 137 125 121 86 124 93 93 93 128 124 168 148 139 140 146 146 138 129 112 102 105 94 95 106 182 142 95 97 99 97 137 137 124 124 24. ALABAMA AGRICULTURAL 24 TABLE 16. ALABAMA AGRICU'LTUA EXPERIMENT XEIMN STATION TTO GRAINS AND HAY: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1910-14 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 137 130 135 137 143 144 135 134 155 129 134 142 162 136 176 143 140 142 135 153 143 141 142 154 135 137 143 163 138 178 180 139 133 139 139 149 144 140 140 152 134 137 145 162 142 141 137 136 150 143 141 142 153 129 137 143 162 137 182 142 143 138 136 14:9 140 137 137 150 133 137 141 161 135 190 140 144 143 136 145 136 139 140 147 128 137 143 162 134 226 140 143 141 135 146 136 138 140 145 127 139 144 160 135 227 138 143 139 137 145 134 139 143 142 124 139 144 146 137 298 133 134 133 136 137 AnOct. Nov. Dec. nual av. 123 125 127 136 129 129 131 187 127 130 133,136 135 137 139 137 135 136 138 144 1139 99 95 98 98 109 105 103 102 111 98 100 106 118 102 131 t~iT n~ 132 131 148 130 120 136 154 135 141 268 129 128 149 119 120 135 153 124 144 259 129 126 151 119 125 136 155 120' 146 264 134 128 152 123 129' 154 157 128 167 284 137 135 143 141 128 138 147 149 141 228 TABLE 17. GRAINS AND HAY: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 91 93 95 102 101 98 94 111 90 94 113 115 94 122 Annual av. 96 97 97 100 105 100 99 105 103 94 101 108 109 103 167 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 97 .93 96 97 104 105 99 98 113 95 98 104 118 :99 129 ~ 1 101 99 100 99 112 105 103 104 112 99 100 105 119 101 132 vl IT1. 100 99 98 99 110 105 103 104 112 97 100 105 119 100 133 100 100 98 100 109 102 100 100 110 95 101 104 118 99 99 100 100 100 106 100 102 103 108 94 100 104 118 98 139 166 98 97 94 88 95 100 100 93 91 99 97 95 99 100 100 99 107 106 100 99 99 98 97, 94 101 102 96 94 103 105 108 109 96 106 104 87 93 91 88 88 102 102 100 99 105 105 113 112 117 107 99 91 99 100 103 105 166 nTlr. 196 190 218 IVIUV H11 Illn~FI I11IV - 91 92 98 101 100 94 92 111 87 91 100 113 88 107 193 208 INDEXES of PRICES RECEIVED 25 INDEXES OF PRICES RECEIVED BY ALABAMA TABLE 18. OILBEARING: FARMERS, 1959-73 (1910-14 = 100) Oct. Nov. Dec. 180 192 233 220 240 238 231 262 240 237 226 270 289 297 467 169 192 237 222 246 237 227 260 238 239 228 268 280 310 431 171 189 237 225 241 246 229 259 246 241 228 267 284 331 454 Annual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 227 175 197 236 225 245 246 237 257 248 241 231 270 284 333 224 188 203 236 227 246 251 247 257 248 243 235 272 287 396 224 194 204 228 231 245 251 247 261 248 241 237 272 295 426 224 200 214 233 234 246 258 253 259 248 241 240 269 299 431 224 205 212 233 234 239 256 253 259 248 243 240 272 302 509 224 186 212 233 234 239 253 253 256 246 241 247 276 299 586 224 186 211 231 236 237 251 250 254 245 243 256 283 299 503 214 197 220 224 235 230 288 260 246 248 241 259 279 297 530 190 194 226 218 232 228 236 272 244 242 230 266 287 299 457 208 192 217 228 236 240 244 254 252 245 237 251 278 300 460 TABLE 19. OILBEARING: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 87 70 85 96 95 103 103 100 108 104 101 100) AnOct. Nov. Dec. nual av. Feb. Mar. Apr. May June July Aug. Sep. 88 75 88 96 95 103 105 104 108 104 102 99 114 120 166 88 77 92 96 97 103 105 104 109 104 101 100 114 124 179 88 81 98 98 98 103 108 106 109 104 101 101 113 126 181 88 83 98 98 98 100 107 106 109 104 102 101 114 127 214 88 82 95 98 98 100 106 106 108 103 101 104 116 126 246 88 81 92 97 99 99 105 105 107 103 102 107 119 126 211 86 81 93 94 98 96 100 109 103 104 101 109 117 125 222 79 80 94 92 97 96 99 114 102 102 97 112 121 125 192 73 80 93 92 101 100 97 110 101 99 95 113 121 124 196 66 80 95 93 103 100, 95 109 100 100 96 113 117 130 181 69 79 95 95 101 103 96 109 103 101 96 112 119 139 190 82 79 93 95 98 101 102 107 106 103 100 106 117 126 193 1970 97 1971 113 1972 119 1973 140 26 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 20. FRUITS, NUTS AND VEGETABLES: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1910-14 = 100) Annual av. Year Jan. Feb. Mar. Apr. May June 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 249 310 276 224 296 212 344 321 277 342 372 321 408 396 425 21. 251 312 277 223 296 212 344 321 277 343 372 321 408 398 427 250 312 277 215 296 214 240 321 279 343 371 321 409 398 429 252 266 316 288 278 268 216 239 297 272 215 279 348 372 322 225 279 307 343 352 371 371 321 357 409 384 398 396 431 612 326 291 273 239 277 332 356 238 324 348 3867 371 411 398 743 July Aug. Sep. 293 311 282 239 276 332 354 240 325 348 367 383 411 398 715 279 297 244 240 277 312 352 244 328 348 368 382 413 406 704 283 293 237 238 275 309 345 238 325 345 364 372 411 399 676 Oct. Nov. Dec. 281 298 243 296 210 341 320 277 342 369 321 405 398 424 677 285 297 268 294 209 342 320 277 341 368 321 406 396 423 679 310 275 223 296 210 344 321 277 342 370 321 408 396 425 683 277 300 262 247 266 287 335 275 312 352 357 364 405 405 600 TABLE FRUITS, NUTS AND VEGETABLES: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) Nov. 93 83 65 89 63 103 97 84 103 111 97 128 120 128 205 AnDec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 76 94 84 65 89 64 104 97 84 104 113 97 123 120 128 76 76 76 93 93 93 84 84 85 65 65 65 90 90 90 64 65 65 104 104 105 97 97 97 84 84 84 104 104 104 113 112 112 97 97 97 128 124 124 120 120 120 129 130 130 89 83 81 72 82 84 113 68 93 106 112 108 116 120 185 90 81 82 72 84 95 108 72 98 105 111 112 124 120 225 90 81 82 72 83 95 107 72 98 105 111 116 124 120 216 91 83 81 73 84 94 106 74 99 105 111 115 125 123 213 90 82 80 72 83 94 104 72 98 104 110 113 124 121 205 93 83 64 89 64 103 97 84 103 112 97 124 120 128 205 94 84 65 89 64 104 97 84 103 112 97 123 120 129 207 86 86 78 74 81 86 104 83 94 106 108 110 122 122 182 INDEXES of PRICES RECEIVED 27 INDEXES OF PRICES RECEIVED BY ALABAMA TABLE 22. MEAT ANIMALS: FARMERS, 1959-73 (1910-14 = 100) AnOct. Nov. Dec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 380 301 330 340 353 312 284 406 378 384 394 508 431 537 700 370 314 343 341 344 313 300 415 382 390 423 525 481 572 756 372 333 348 354 348 320 307 424 375 398 433 539 464 572 851 380 335 345 357 351 312 319 417 368 405 441 521 454 560 792 372 325 338 346 342 309 331 414 395 400 469 500 462 587 797 369 329 332 349 350 291 354 407 408 400 498 505 451 596 795 351 329 337 355 359 300 366 403 407 413 474 490 460 627 839 345 319 344 356 355 290 358 413 398 392 476 471 480 625 1028 334 312 344 866 335 296 352 400 389 379 463 453 478 627 864 309 321 335 351 325 283 348 389 365 374 461 444 482 636 802 300 310 331 342 311 277 356 368 355 383 462 447 496 638 737 290 327 334 350 300 275 380 376 365 391 490 425 513 622 726 348 321 338 351 339 298 338 403 382 392 457 486 471 600 807 TABLE 23. MEAT ANIMALS: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) AnOct. Nov. Dec. nual av. Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 101 1960 83 1961 85 1962 88 1963 90 1964 80 1965 73 1966 104 1967 97 1968 98 1969 101 1970 1971 1972 1973 130 110 137 179 99 85 88 88 88 80 77 106 98 100 108 134 123 146 193 100 89 90 90 89 82 78 108 96 102 110 138 118 146 217 103 91 89 91 90 80 81 106 94 103 113 133 116 143 202 100 88 87 91 87 79 84 106 101 102 120 128 118 150 204 99 96 86 85 86 86 89 91 89 92 74 76 90 93 104 103 104104 102 105 127 121 129 115 152 203 125 117 160 214 93 81 86 91 91 74 91 105 102 100 121 120 123 160 263 91 79 87 93 86 76 90 102 99 97 118 116 122 160 221 84 80 85 90 83 72 89 99 93 96 118 113 123 162 205 80 78 85 87 79 71 91 94 91 98 118 114 127 163 188 79 83 86 89 77 70 97 96 93 100 125 109 131 159 185 94 84 87 90 87 76 86 103 98 100 117 124 120 153 206 28 TABLE 24. ALABAMA AGRICULTURAL EXPERIMENT STATION DAIRY PRODUCTS: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1910-14= 100) Year Jan. Feb. Mar. Apr. May June 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 253 258 258 254 269 269 274 274 278 294 308 315 333 330 337 248 256 249 254 264 267 269 274 271 294 308 310 331 332 360 239 254 241 253 262 264 264 271 276 289 301 303 324 324 353 228 243 238 242 253 258 260 271 278 287 299 301 322 317 351 228 239 236 246 253 258 255 267 283 278 301 301 319 319 353 229 238 240 246 253 253 255 267 285 283 296 299 319 320 358 July Aug. Sep. 239 241 243 242 253 258 258 274 283 287 303 301 324 322 369 246 245 243 246 255 258 258 271 287 289 301 301 324 323 376 254 253 251 255 260 262 262 280 296 292 312 322 328 332 415 AnOct. Nov. Dec. nual av. 258 256 255 257 264 269 264 280 299 303 315 331 331 332 442 266 260 251 262 271 276 269 287 299 305 315 333 335 337 444 264 256 253 255 269 274 269 276 296 301 315 326 333 337 444 246 250 246 251 261 264 263 274 286 292 306 312 327 327 384 TABLE 25. DAIRY PRODUCTS: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 " Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 96 95 98 93 95 95 96 96 98 104 108 111 117 116 119 93 89 86 95 94 85 92 88 86 90 89 85 93 92 89 94 93 91 95 93 92 96 96 96 96 97 98 104 102 101 108 106 105 109 116 117 127 107 114 114 124 106 113 112 124 85 85 87 87 87 87 87 87 89 89 91 89 90 90 94 94 100 100 98 100 106 104 106 105 112 112 112 113 124 126 88 88 87 85 89 91 91 96 100 101 107 106 114 114 130 88 88 87 87 90 91 91 96 101 102 106 106 114 114 132 100) AnOct. Nov. Dec. nual av. 92 92 91 90 92 92 92 99 104 103 110 113 116 117 146 93 92 92 90 93 95 93 99 105 107 111 116 116 117 156 96 94 92 92 96 97 95 101 105 108 111 117 118 119 157 96 92 90 90 95 96 95 97 104 106 111 115 117 119 157 91 91 89 89 92 93 93 97 101 103 108 110 115 115 135 .INDEXES of PRICES RECEIVED 29 INDEXES OF PRICES RECEIVED BY ALABAMA TABLE 26. POULTRY AND EGGS: FARMERS, 1959-73 (1910-14= 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 171 167 186 174 163 159 150 169 148 137 158 170 141 138 183 168 166 186 175 170 154 158 177 153 147 162 161 143 .144 188 166 168 175 165 166 153 162 177 146 144 162 157 140 147 227 153 172 160 152 161 145 140 167 151 149 153 143 140 167 142 147 150 147 151 165 146 154 152 155 160 160 149 156 176 145 151 148 256 151 168 148 161 153 157 158 163 136 155 166 136 141 139 360 155 173 146 171 152 156 157 157 186 160 164 143 139 152 308 Oct. 158 186 154 166 153 156 149 148 128 141 155 134 128 141 257 AnNov. Dec. nual av. 160 190 156 159 157 155 155 150 127 147 158 142 126 148 204 169 188 165 162 149 148 158 138 127 150 161 138 128 155 224 157 173 160 161 157 152 157 161 139 147 161 145 139 142 244 158 154 162 165 167 164 140 ,137 135 137 140 149 155 155 160 142 139 134 138 142 145 126 129 137 246 231 246 TABLE 27. POULTRY AND EGGS: INDEXES OF PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 (1966-68 = 100) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 119 117 121 116 110 107 101 114 99 93 107 115 95 93 124 116 118 126 119 115 104 106 119 103 99 109 109 96 97 127 114 121 118 112 112 103 109 119 99 97 109 106 94 99 158 109 120 106 102 108 98 107 111 95 93 104 96 93 85 166 102 119 99 100 103 97 104 113 92 94 105 94 95 87 156 102 119 93 99 101 99 109 111 91 100 108 90 98 93 166 107 118 92 104 102 105 108 110 100 105 119 98 102 100 172 104 106 116 114 93 90 108 115 103 102 106 105 107 106 110 106 92 92 104 108 112 110 92 96 95 94 93 102 243 207 Oct. Nov. Dec. 105 118 93 112 103 105 101 100 87 95 105 90 86 95 173 106 120 96 107 106 105 104 101 86 99 107 95 85 100 137 118 117 110 109 101 100 106 93 85 101 109 93 86 105 151 Annual av. 109 118 103 109 106 103 106 109 93 99 109 98 93 96 165 30 30 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 28. CROPS: SEASON AVERAGE PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 Year Cotton Coto \Winter Corn wheat Has t per bu. .81 .80 .79 .82 .88 .78 .82 .83 .84 .80 .79 .79 .81 .84 1.10 Dol. Grain sorghums 1959 1960 1961 1962 1963 1964 1965 1966 1967. 1968 Cents per lb. 33.30 31.88 33.89 82.90 32.84 29.70 30.14 21.54 26.53 Dol, per bu. 1.10 1.13 1.14 1.23 1.23 1.24 1.24 1.46 1.18 1.18 Dol. per ton 23.50 26.00 25.40 28.00 27.60 25.70 24.80 25.50 25.50 28.00 28.00 28.50 28.50 30.00 33.00 Dol, per cwt. 1969 1970 1971 1972 1973 24.63 20.00 22.73 28.05 27.90 42.00 1.36 1.58 1.18 1.50 2.55 CROPS: ___ 1.76 1.73 1.73 1.89 1.85 1.43 1.42 1.63 1.42 1.20 1.20 1.26 1.48 1.36 2.70 1.79 1.77 1.89 1.89 2.00 2.00 1.98 2.05 1.95 1.75 1.84 2.18 1.70 1.96 2.24 TABLE 29. SEASON AVERAGE PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 Cottonseed Peanuts Soybeans Dol. per ton Cents per lb. Dol. per bu. 1959 35.40 8.5 1.70 1960 35.40 9.1 2.05 1961 45.40 10.5 2.30 1962 44.70 10.2 2.36 1963 46.90 10.5 2.61 1964 43.80 10.5 2.64 1965 43.90 10.7 2.47 1966 62.40 11.1 2.81 1967 51.60 11.2 2.50 1968 48.00 11.7 2.42 1969 40.20 11.7 2.31 1970 50.80 12.8 2.85 1971 51.00 13.8 2.90 1972 44.70 14.5 3.70 1973 94.00 16.1 5.50 rl \C~~HA~ L~L~~~~~ T~\T ~A~I1L1~ Year ,, Peaches Pecans Cents per lb. 5.00 30.8 4.28 32.7 4.40 18.4 5.00 34.5 4.90 16.8 9.20 25.6 5.50 18.4 8.10 29.2 6.90 34.1 6.55 41.0 7.85 29.0 9.65 37.8 12.70 34.7 11.20 42.0 15.10 39.5 INDEXES of PRICES RECEIVED 31 INDEXES of PRICES RECEIVED CROPS: SEASON AVERAGE PRICES RECEIVED BY ALABAMA 3 FARMERS, 1959-73 TABLE 30. Year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 potatoes All Irish 3.68 2.61 2.15 2.92 2.06 4.07 4.82 1.62 2.54 2.77 2.73 3.94 3.12 2.96 9.45 Snapbeans Watermelons Sweet corn Tomatoes Sweet potatoes 9.00 6.79 7.80 7.20 9.39 11.84 10.32 11.44 11.81 13.18 15.05 12.11 14.15 17.10 22.00 Dollarsper hundredweight 3.80 1.10 2.65 .95 3.45 1.15 2.95 1.00 3.40 1.30 5.40 1.60 4.70 1.40 4.95 1.75 6.80 2.00 5.20 1.80 4.59 1.71 5.77 1.83 2.29 6.22 6.32 2.37 7.20 3.32 5.40 5.30 4.75 5.10 5.00 7.90 7.71 7.53 10.20 10.80 9.73 10.70 12.80 13.90 19.80 4.23 4.63 4.73 4.63 4.52 5.11 4.71 5.14 5.76 5.52 5.18 6.35 5.96 6.50 9.25 TABLE 31. LIVESTOCK AND POULTRY: ANNUAL AVERAGE PRICES RECEIVED BY ALABAMA FARMERS, 1959-73 Calves Year Beef cattle All hogs Cows Steers & heifers cows Milk Sheep Dollars per hundredweight Dol. per 1959 1960 1961 1962 1963 1964 1965 1960 1967 1968 1969 1970 1971 20.50 17.50 17.80 18.40 15.50 16.40 19.90 20.00 21.00 23.80 26.10 32.00 18.70 25.40 20.30 21.50 22.90 1972 1973 '26.*20 34.80 22.50 18.30 19.10 24.00 24.20 25.50 29.90 33.40 14.10 15.00 16.40 16.20 14.80 14.70 19.40 22.50 18.30 17.60 21.80 22.20 16.80 16.80 14.20 14.60 14.50 23.20 19.90 20.00 14.00 12.20 a2.70 16.30 16.10 16.40 18.80 21.10 20.80 20.70 17.40 18.70 22.00 22.20 23.30 26.50 28.70 28.90 21.30 head 158 150 152 Dol. per cwt. 5.90 6.00 5.50 157 156 141 143 155 166 194 214 245 248 5.40 5.40 5.20 5.40 5.90 5.50 5.50 6.50 5.50 6.50 41.60 44:10 52.50 24.20 37.10 24.20 32.70 35.90 46.30 270 358 10.00 6.70 32 TABLE 32. LIVESTOCK ALABAMA AGRICULTURAL EXPERIMENT STATION AND POULTRY: ANNUAL AVERAGE PRICES RECEIVED BY ALABAMA FARMERs, 1959-73 Year Lambs Milk whllBroilers wholesale Chickens Eggs Turkeys Dol. per cwt. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 TABLE 33. Cents per lb. 15.1 16.2 13.0 14.5 13.9 13.5 14.3 14.2 12.0 13.2 14.6 12.2 12.6 13.1 23.4 -----12.3 12.7 11.9 12.5 12.8 11.9 12.0 10.1 9.0 9.5 10.5 8.3 7.3 8.5 14.2 19.80 18.20 16.20 17.60 17.10 17.70 20.20 20.70 20.50 21.00 26.00 23.60 26.50 28.50 34.80 5.62 5.67 5.57 5.53 5.71 5.79 5.78 6.02 6.26 6.40 6.71 6.83 7.17 7.18 Cents per doz. Cents per lb. 24.5 38.4 25.4 43.1 21.9 42.4 21.8 41.2 21.7 41.4 22.2 40.5 22.0 39.7 22.9 43.9 38.6 19.7 21.0 38.6 20.6 44.6 22.3 44.2 36.4 21.6 22.0 34.1 53.1 BY ALABAMA 31.2 FARMERS COTTON LINT: AVERAGE PRICES RECEIVED AT MID-MONTH, 1959-73 (CENTS PER POUND) Oct. Nov. Dec. 33.1 31.8 32.1 30.8 34.4 33.7 32.9 31.9 32.9 32.0 30.0 29.0 29.4 28.1 20.8 20.6 23.8 27.3 27.0 24.2 21.8 21.0 23.0 22.0 28.0 27.5 26.5 27.0 47.5 41.0 30.8 29.8 31.8 31.5 31.0 28.4 27.4 19.5 28.0 21.0 20.0 21.0 29.0 28.0 35.1 33.5 32.5 34.0 33.5 31.2 30.2 21.8 23.0 27.5 22.5 22.5 27.0 27.0 Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 Feb. Mar. Apr. May June 33.5 33.6 31.0 31.0 31.0 31.0 35.0 36.0 33.5 34.0 32.5 33.5 29.5 31.0 29.5 29.0 21.5 21.5 23.0 22.5 21.5 22.0 21.5 22.0 22.5 22.0 31.0____ 28.0 July Aug. Sep. 33.7 31.0 32.0 36.0 34.0 33.5 31.5 29.5 22.0 22.0 23.0 22.0 23.5 35.6 33.7 33.0 33.5 33.0 31.5 30.0 22.0 26.5 24.0 21.5 22.0 23.5 ___ 33.3 33.2 33.5 33.5 31.0 31.0 31.0 31.0 29.8 29.8 30.0 30.5 31.5 31.5 31.5 32.5 32.5 33.5 34.0 34.0 31.4 31.5 31.5 32.0 28.2 28.2 28.2 29.5 27.5 28.1 28.5 28.5 19.7 20.0 20.8 21.5 24.5 23.0 22.0 23.0 20.0 20.5 21.0 21.5 20.0 20.5 20.5 21.5 21.0 21.0 21.0 21.5 31.0 31.0 31.0 31.0 29.5 29.0 31.0 28.0 __------ 38.0 INDEXES of PRICES RECEIVED 33 FARMERS TABLE 34. CORN: AVERAGE PRICES RECEIVED BY ALABAMA AT MID-MONTH, 1959-73 (DOLLARS PER BUSHEL) Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1.19 1.12 1.14 1.17 1.25 1.26 1.27 1.26 1.51 1.20 1.28 1.40 1.65 1.25 1.65 Feb. Mar. Apr. 1.22 1.27 1.27 1.16 1.22 1.24 1.19 1.23 1.20 1.20 1.22 1.24 1.31 1.36 1.36 1.27 1.28 1.29 1.32 1.34 1.35 1.34 1.37 1.37 1.50 1.51 1.50 1.25 1.25 1.25 1.30 1.30 1.32 1.44 1.42 1.43 1.65 1.65 1.65 1.30 1.30 1.30 1.70 1.70 1.75 May June 1.27 1.26 1.27 1.29 1.20 1.27 1.25 1.24 1.36 1.36 1.31 1.34 1.37 1.39 1.34 1.38 1.48 1.49 1.26 1.26 1.36 1.38 1.43 1.45 1.65 1.65 1.30 1.30 1.86 2.34 July Aug. 1.27 1.24 1.28 1.28 1.26 1.24 1.24 1.23 1.37 1.36 1.32 1.30 1.38 1.38 1.37 1.38 1.47 1.43 1.25 1.20 1.41 1.40 1.47 1.65 1.30 2.34 Sep. 1.18 1.17 1.16 1.20 1.24 1.26 1.27 1.44 1.27 1.14 1.35 Oct. 1.06 1.10 1.09 1.17 1.19 1.22 1.21 1.45 1.09 1.12 1.33 1.56 1.10 1.35 2.41 Nov. 1.06 Dec. 1.08 1.08 1.10 1.11 1.13 1.20 1.21 1.20 1.21 1.20 1.26 1.16 1.18 1.46 1.46 1.09 1.14 1.17 1.23 1.33 1.35 1.56 1.05 1.35 2.45 1.60 1.15 1.55 2.67 1.47 1.60 1.45 1.30 1.30 1.35 3.00 2.51 TABLE 35. WINTER WHEAT: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (DOLLARS PER BUSHEL) Year Jan. 1959 1.85 1960 1961 1962 1963 1964 1.77 1.80 1.80 1.95 1.96 Feb. Mar. 1.86 1.79 1.80 1.80 1.95 1.95 1.65 1.60 1.70 1.50 1.29 1.25 1.50 1.45 2.05 1.85 1.80 1.83 1.80 1.90 1.85 1.65 1.65 1.70 1.50 1.29 1.22 1.50 1.45 2.10 Apr. 1.80 1.80 1.81 1.80 1.90 1.90 1.65 1.60 1.70 1.45 1.26 1.24 1.50 1.45 2.15 May June 1.80 1.79 1.82 1.80 1.88 1.71 1.31 1.55 1.55 1.25 1.24 1.24 1.45 1.30 2.23 1.78 1.72 1.77 1.90 1.85 1.40 1.40 1.60 1.50 1.20 1.20 1.25 1.50 1.30 2.50 July Aug. 1.71 1.72 1.68 1.85 1.82 1.45 1.40 1.65 1.45 1.17 1.20 1.25 1.45 1.33 2.56 1.75 1.68 1.90 1.82 1.45 1.42 1.75 1.44 1.17 1.20 1.27 1.45 1.40 4.25 Sep. 1.77 1.75 1.95 1.82 1.50 1.48 1.75 1.42 1.17 1.24 1.33 1.40 1.45 4.40 Oct. 1.75 1.77 1.71 1.95 1.90 1.45 1.48 1.75 1.42 1.17 1.25 1.33 1.40 1.60 4.30 Nov. 1.88 1.77 1.77 1.95 1.87 1.50 1.52 1.80 1.40 1.21 1.25 1.40 1.40 1.70 4.30 Dec. 1.80 1.77 1.79 1.95 1.88 1.55 1.54 1.80 1.40 1.21 1.25 1.40 1.40 2.10 4.60 1.69 1.75 1965 1.60 1966 1.57 1967 1.70 1968 1.45 1969 1.25 1970 1.25 1971 1.50 1972 1.45 1973 2.10 34 ALABAMA AGRICULTURAL EXPERIMENT STATION 34 TABLE 36. ALABAMA AGRICULTRLEPIMN HAY: AVERAGE PRICES RECEIVED BY ALABAMA AT MmD-MONTH, 1959-73 (DOLLARS PER SAIO TON) FARMERS Year Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. 22.20 25.60 24.70 26.90 25.50 25.10 24.10 25.40' Dec. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 24.90 23.80 27.70 26.50 29.00 29.30 26.00 25.00 28.00 26.80 29.30 29.30 29.00 30.00 33.50 25.0024.30 24.00 25.50 27.00 26.50 26.00 25.40 31.30 33.50 28.80 29.40 26.60 26.00 25.60 25.10 25.70 26.50 27.20 28.10 30.20 30.10 30.20 29.79 29.00 30.00 30.00 28.50 33.50 34.50 23.90 24.60 25.20 24.80 30.40 28.00 25.00 25.30 26.30 27.20 29.20 29.10 29.50 28.00 32.00 23.6023.60' 22.60 24.5024.30 24.40 25.30 25.010 24.80 24.80 24.00 23.80 29.80 25.90 26.40 26.00 25.30 25.30 24.80 24.70 24.70 23.50 23.30 23.10 27.20 24.90, 24.20 25.90 25.80 25.40 27.7026.50 26.70 27.30 27.00 27.00 29.50 29.00 28.00 28.00 27.50 28.00 32.0032.010 32.00 22.9022.30 24.4024.80 24.30 24.70 25.10 26.20 25.50 25.70 25.30 25.10 24.3023.90 23.5024.50 26.80 27.70 26.80 27.60 27.50 27.50 29.00 28.50 33.0033.00 24.00 26.30 26.90 28.00 28.40 25.80 23.80 23.80 24.10 25.40 23.40'23.60 26.60 26.90 25.30 26.20 27.20 28.10 26.80 27.90 25.20 25.90 24.60'25.30 26.20 27.00 28.50 29.20 28.00 30.00 34.00 28.50 29.00 30.00 31.00 35.00 27.80 28.90 29.50 29.50 31.50 TABLE 37. OATS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MmD-MONTH, 1959-73 (DOLLARS PER BUSHEL) .85 .80 .79 .83 .94 .78 Year Jan. Feb. Mar. Apr. May June July Aug. Sep. .75 .80 .77 .78 .88 .77 .79 .81 Oct. Nov. Dec. .90 .80 .79 .85 .90 .81 .86 .90 1959 1960 1961 1962 1963 1964 1965 1966 .83 .90 .85 .88 .89 .92 .83 ,.89 .83 .90 .80 .85 .88 .91 .85 .91 .85 .89 .85 .85 .89 .87 .86 .95 .83 .90 .81 .85 .92 .86 .86 .90 .82 .86 .84 .83 .86 .81 .86 .87 .77 .80 .78 .81 .85 .76 .80 .81 .80 .78 .77 .80 .90 .77 .83 .86 .85 .85 .95 .80 .82 .87 .93 .83 .88 .82 .84 .75 .85 1967 1968 1969 1970 .91 .88 .86 .79 .89 .89 .88 .80 .91 .89 .88 .81 .92 .89 .86 .82 .92 .85 .84 .78 .85 .80 .80 .78 .80 .77 .76 .75 .80 1.04 .76 .80 .76 .75 .78 .82 .77 .75 .80 .84 .80 .75 .85 1.25 .88 .88 .80 .85 .88 .93 .82 .89 .88 1971 .85 1972 .85 1973 1.05 .85 .85 .90 .90 1.05 1.05 .85 .85 1.05 .85 .80 .85 .80 1.04 1.04 .75 .75 .80 .85 1.28 1.23 ..80 82 .82 .84 .77 .85 .80 .90 1.30 .85 1.05 1.40 INDEXES of PRICES RECEIVED 35 INDEXES of PRICES REEIVED 35 TABLE 38. GRAIN SORGHUJMS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MmD-MONTH, 1959-73 PER HUNDREDWEIGHT) (DOLLARS 2.00 1.80 2.00 1.90 2.00 2.05 2.05 2.05 2.20 1.85 1.90 1.90 2.50 1.65 3.00 Year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 Jan. Feb. 2.00 1.90 1.90 1.90 1.95 2.00 2.05 2.00 2.20 2.00 1.85 1.90 2.35 1.50 2.25 Mar. Apr. May 2.00 1.90 1.95 1.90 1.95 2.10 2.05 2.00 2.30 1.90 1.90' 1.90 2.45 1.60 2.45 June July Aug. Sep. 1.90 1.85 1.90 1.85 2.00 2.00, 1.95 2.00, 2.05 1.70 1.80 2.10 2.05 1.75 4.20 3.90 1.90 1.85 1.95 1.90 1.95 2.05 2.05 2.00 2.10 1.85 1.90 1.95 2.40 1.70 Oct. Nov. Dec. 1.75 1.75 1.90 1.90 2.00 2.00 1.95 2.00 1.95 1.70 1.85 2.10 1.75 1.80 4.00 1.75 1.70 1.90 1.90 1.95 1.95 2.00' 2.00 1.85 1.75 1.85 2.20 1.50 1.85 3.90 1.70 1.75 1.90 1.90 2.00 2.00 2.00 2.00 1.85 1.75 1.85 2.25 1.55 2.15 3.90 1.95 1.80 1.85 1.90 2.00 2.05 2.00 2.00 2.20 1.90 1.80 1.85 2.35 1.50 2.25 2.00 2.00 1.90 1.95 1.90 1.85 1.90 1.90 1.95 1.90 2.00 2.05 2.05 2.05 2.00 2.00 2.30 2.30 2.00 1.95 1.85 1.85 1.90 1.90 2.35 2.40 1.55 1.60 2.30 2.3101 2.101.80 2.00 1.90 1.95 2.05 2.05 2.00 2.30 1.85 1.90 1.95 2.55 1.60 2.80 TABLE 39. COTTONSEED: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MmD-MONTH, 1959-73 PER TON) (DOLLARS Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 46.00 30.00 35.00 47.00 45.00 48.00 44.00 44.00 63.00 54.00 Feb. Mar. Apr. May June July Aug. Sep. 44.00 44.00 _ 42.00 37.00 35.00 37.00-------------------35.00 36.00 37.0037.00 45.00 42.00 47.00 47.00_43.0045.00 46.00 47.00_ _ _ _ 46.00 46.00 48.00 46.00 ____ ________ 44.00 42.00 44.00 44.00__________________ 44.00 44.00 45.0044.00 _ _ _ 45.0061.00 62.00 62.00 _________-________ 50.00 49.00 52.00 52.00 _ _ 49.00 48.00 _____---- Oct. Nov. 34.00 35.00 46.00 45.00 48.00 45.00 44.00 63.00 51.00 48.00 Dec. 30.0029.00 35.00 34.00 48.00 48.00 45.00 45.00 48.00 48.00 45.00 45.00 43.00 44.00 64.00 64.00 53.00 54.00 48.00 48.00 1969 49.00 49.00 48.00 48.00 48.00 38.00 40.00 42.00 42.00 1970 42.00 1971 51.00 1972 50.00 1973 44.00 43.00 _____ ____-____ ___ ____ ____ 49.00 51.00 52.00 51.00 51.0 0 _ _ 51.00 51.00 51.00 51.00 51.0050.00 49.00 45.00 45.00 44.00 44.00 44.00 48.00 51.00 _________ -________ ___ 95.00 93.00 95.00 36 ALABAMA AGRICULTURAL EXPERIMENT STATION 36 ALABAMA AGRICULTRLEPIMN SAIO TABLE 40. PEANUTS: AVERAGE PRICES RECEIVED BY ALABAMA PER FARMERS AT MID-MONTH, 1959-73 (CENTS 9.7 POUND) 8.3 Year Jan. Feb. Mar. Apr. May June July Aug. Sep. 8.6 Oct. Nov. Dec. 8.2 8.5 1959 1960 1961 1962 1963 1964 1965 1966 1968 1969 1970 1971 1972 10.2 8.6 9.3 10.6 10.2 10.6 10.8 10.6 11.4 11.5 11.3 12.5 ---- 10.2 8.6 9.4 10.6 10.2 10.8 10.8 10.6 10.2 8.6 9.4 10.6 10.2 10.8 10.8 10.6 10.2 9.2 9.7 11.0 10.5 11.5 11.4 11.0 11.0 9.2 9.1 9.5 10.5 10.5 10.4 10.2 10.4 9.0 10.6 10.1 10.6 9.0 10.6 10.1 11.0 8.9 10.6 10.2 10.7 10.5 10.5 10.9 10.7 10.6 10.7 10.5 10.5 10.7 10.7 11.0 11.2 11.2 11.3 10.7 11.0 10.7 10.8 10.4 11.4 1967 10.4 10.5 10.7 11.3 11.3 11.3 11.5 11.5 11.5 11.5 11.5 11.5 --------------- ------------------------- -------- 1973 ---- --- ---- --- ---- --- --14.0 12.0 11.6 12.4 12.5 11.7 11.8 12.8 13.8 14.5 11.5 11.5 12.8 14.0 14.5 11.5 11.4 12.5 14.0 14.5 11.5 11.2 12.5 14.0 14.5 15.0 16.0 16.5 15.9 16.0 TABLE 41. Jan. r SOYBEANS : AVERAGE PRICES RECEIVED BY ALABAMA FARMERS PER BUSHEL) AT MID-MONTH, 1959-73 (DOLLARS Year Feb. Mar. Apr. 2.10 1.80 2.30 2.35 2.43 2.70 2.85 2.80 2.80 2.60 2.50 2.40 2.90 2.95 5.30 r, .I . 2.10 1.90 2.50 2.35 2.50 2.70 2.85 2.80 2.85 2.60 2.45 2.45 2.90 3.15 5.90 Ivin 1959 2.00 1960 1.65 1961 2.20 1962 2.35 1963 2.40 1964 2.70 1965 2.75 1966 2.60 1967 2.80 1968 2.55 1969 2.45 1970 2.85 1971 2.87 1972 2.90 1973 3.95 ru;rr Iririi. ~1- II May June July Aug. Sep. Oct. Nov. Dec. 2.10 2.10 2.10 2.10 2.10 2.00 1.80 1.50 1.60 2.00 1.95 2.00 2.00 2.00 2.00 2.10 2.05 2.0 2.75 2.75 2.60 2.45 2.45 2.35 2.25 2.30 2.30 2.40 2.40 2.40 2.35 2.35 2.25 2.80 2.35 2.40 2.50 2.50 2.50 2.55 2.55 2.50 2.65 2.60 2.60 2.45 2.45 2.40 2.45 2.45 2.60 2.60 2.75 2.90 2.85 2.80 2.75 2.55 2.55 2.45 2.40 2.40 2.85 2.85 2.85 2.80 3.00 3.00 2.85 2.80 2.85 2.75 2.75 2.70 2.65 2.60 2.55 2.50 2.45 2.50 2.60 2.60 2.55 2.53 2.50 2.45 2.37 2.42 2.45 2.45 2.50 2.45 2.50 2.45 2.30 2.25 2.28 2.31 2.50 2.50 2.65 2.85 2.75 2.75 2.80 2.81 2.79 2.85 2.90 3.00 3.15 3.05 3.00 3.00 2.80 2.90 3.25 3.30 3.25 3.25 3.20 3.20 3.15 3.45 3.90 5.95 7.65 9.30 7.50 8.00 6.25 5.80 Ir5.15 5.60 I ri Ir ~v II 2.60 INDEXES of PRICES RECEIVED 37 INDEXES of PRICES RECEIVED 3 TABLE 42. IRISH POTATOES: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (DOLLARS PER HUNDREDWEIGHT Year Jan. 1959 1960 ----------- Feb. Mar. ------ --------- ---------------- Apr. May June July Aug. 3.40 3.60 Sep. Oct. Nov. Dec. 1961 1962 ----------- ------ ------ ------ 2.20 2.10 ----------- ------ 3.25 4.30 ------ 2.40 2.52 2.80 3.25 3.25 ----- 1963 1964 1965 1966 1967 1968 1970 2.10 ------ ------ ------- 3.35 ------ ------ ------- 4.90 ------ ------ ------ ------ 1.80 2.45 -------------- -----3.30 ------ ----------- 1969-------1971 1972 1973 ---- 2.75 2.70 2.40 1.55 2.80 2.25 1.81 2.50 2.40 4.88 3.50 3.05 5.08 4.25 4.15 1.50 1.64 2.30 2.26 3.06 2.90 3.30 2.50 3.70 2.40 ----2.35-------------4.30 -----2.40 ------ --- ----- --- -- ---- -- ---- ---- 3.65 3.65 2.50 2.80 - 3.75 2.58 3.00 4.31 -------- 2.45 3.40 ---- 8.00 10.00 AVERAGE 9.75 10.15 ---- 2.90 -- --- ---- --- ---- --- --- --- --- TABLE 43. SWEET POTATOES: FARMERS AT MID-MONTH, 1959-73 (DOLLARS PRICES RECEIVED BY ALABAMA PER HUNDREDWEIGHT) Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 5.00 4.20 4.70 5.10 4.60 4.80 5.40 4.70 5.00 5.80 6.10 5.10 6.50 5.50 6.50 ~r? Feb. Mar. Apr. 4.95 4.05 5.05 4.90 4.75 4.75 5.40 4.75 5.00 6.00 6.10 5.10 6.50 6.00 7.00 4.90 4.05 5.15 4.95 4.75 5.20 5.50 4.60 5.50 5.90 5.80 5.10 6.70 6.00 7.50 4.75 4.05 5.35 5.10 4.90 5.50 6.50 5.05 5.50 6.00 5.70 5.10 6.70 6.00 8.00 May June 4.80 4.00 5.70 4.90 4.90 5.90 6.90 4.75 5.50 6.20 5.70 5.10 6.50 6.25 9.60 July Aug. Sep. Oct. Nov. Dec. 4.70 4.70 4.50 4.70 4.45 4.60 4.20 5.00 5.95 5.60, 5.00 5.50 4.55 4.75 4.95 4.00 4.00 5.50 5.70 5.85 5.10 4.90 5.00 5.20 4.90 4.70 5.00 5.50 5.50 5.30 6.90 6.40 5.90 5.00 5.40 6.50 5.50 5.95 6.55 6.20 6.20 6.20 5.70 5.70 6.10 5.10 8.30 8.00 6.50 6.50 7.00 6.25 6.25 8.30 9.60 \I IVljlV 11.60 II9.60 IIIIY IIIllr: 6.50 6.50 9.40 4.00 4.30 4.30 4.55 4.30 4.60 4.50 4.90 5.60 5.30 5.20 5.80 6.00, 6.20 8.00 3.80 4.30 4.55 4.20 4.10 4.90 4.50 4.90 5.40 5.00 5.20 6.00 5.50 6.10 8.50 4.15 4.35 4.70 4.60 4.30 5.30 4.65 4.95 5.60 5.50 5.20 6.50 5.50 6.50 10.50 38 TABLE 44. ALABAMA AGRICULTURAL EXPERIMENT STATION PEACHES: AVERAGE PRICES RECEIVED BY ALABAMA AT MmD-MONTH, 1959-73 (CENTS PER POUND) -4.20 -- FARMERS Year Jan. 1959 ------------------- Feb. Mar. ------------------------ Apr. --- May June ------ 5.60 ----- 5.40 ------- July Aug. Sep. 4.60 3.80 4.30 5.30 4.70 Oct. Nov. Dec. - ------ 5.30 3.90 1960 1961 1962 1963 ------ ---------------------_--- 4.60 4.60 5.00 ------ ----- ------ 4.60 5.60 5.40 1964 1965 ---------------- ---------------- --- -------------------- -------------------- ------ 8.80 ----5.50 ------ 7.80 ----- 6.50 9.80 5.40 9.00 5.80 7.80 7.30 -- - 1966 8.80 7.20 1967 1968 1969 1970 1972 - --------------------- - - - --------- ------ ------- ---------- 1971 ---1973 ----- -------------- -------------- ----- 7.50 5.90 6.20 ----- 8.00 8.20 6.90 ---9.00 10.00 10.50 ------- 12.00 10.00 12.50 ------ 10.50 10.00 18.30 ---A-16.00 12.00 10.0010.00 TABLE 45. BEEF CATTLE: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (DOLLARS PER HUNDREDWEIGHT) Year Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 21.30 18.50 17.60 18.40 19.40 16.60 14.40 18.70 19.80 21.00 21.10 25.90 24.70 29.40 .37.20 21.30 21.70 18.7 019.20 18.10 18.70 18.20 19.20 18.80 19.80 16.3 017.00 15.30 15.90 19.40 21.00 20.20 19.60 20.80 21.40 22.80 23.40 26.60 28.00 26.80 26.00 30.00 30.20 39.40 43.80 22.50 19.80 18.40 19.30 19.70 16.80 16.70 21.00 19.90 22.10 23.80 28.00 26.10 30.30 41.30 21.70 21.50 19.00 18.10 18.20 17.90 19.30 18.60 18.70 18.60 16.50 15.00 16.80 17.40 20.80 20.10 20.40 21.10 21.80 21.50 25.00 26.50 26.20 26.70 26.30 25.30 31.40 31.30 42.00 41.40 21.10 17.50 17.50 18.60 19.00 15.40 17.60 19.90 21.00 21.80 24.40 25.50 25.10 32.80 43.10 20.40 20.10, 16.50 16.30' 17.80 17.40 18.50 19.10 18.70 17.70 14.80 14.90 16.70 16.70 20.30 19.90 20.60 20.50 20.80 19.90 24.30 23.50 25.10, 24.50 26.40 26.60 32.80 32.70 50.20 44.30' 18.30 16.10 17.00 18.30 17.10 14.10 16.10 19.50 19.00 19.70 23.40 24.00 26.30 33.20 40.40 17.50 15.60 17.40 18.00 16.50 14.10 16.60 18.60 18.70 23.30 24.10 27.20' 33.30 35.90 20.80 17.50 17.00 17.80 18.70 16.10 14.00 17.00 19.50 19.60 21.10 24.70 24.10 28.30 33.30 36.20 INDEXES of PRICES RECEIVED 39 INDEES oif PRICES RECEIVED 3 TABLE 46. CALVES: AVERAGE PRICES RECEIVED BY ALABAMA FABMERS AT MID-MONTH, 1959-73 (DOLLARS PER HUNDREDWEIGHT) Year Jan. Feb. Mar. Apr. 28.00 23.60 23.00 23.80 24.50 20.40 19.00 25.60 27.20 31.00 34.40 33.20 41.00 56.90 May June 27.20 26.80 22.10 20.60, 21.9020.80 23.80 22.60 23.50 23.70 20.4018.00 19.40 20.20 25.00 24.00 25.90 25.90 32.40 31.30 33.00 32.90 33.60 32.10 43.00 43.50 57.40 54.20 July Aug. Sep. 26.80 20.40 20.80 22.60 23.00 17.70 20.00 24.00 26.30 29.50 32.20 32.70 46.00 57.60 Oct. Nov. Dec. 1959 27.00 27.70 27.20 1960 22.50 23.40 23.00 1961 20.50 21.20 23.00 1962 22.20 22.80 23.20 1963 23.20 22.70 23.70 1964 21.00 21.70 21.60 1965 17.50 18.00 18.00 1966 22.20 23.00 26.00 1968 1969 1970 1971 1972 1973 24.30 26.20 33.10 31.50 38.00 49.90 26.50 26.50 28.60 28.80 34.60 36.50 35.20 35.20 41.00 43.00 54.50 63.40 25.60 24.80 23.00 21.50 21.00 18.90 18.60 18.60 18.20,19.40 21.20 21.20 21.10 21.80 21.80 22.80 23.30 23.20 22.20 23.20 23.40 22.00 21.50 20.10 19.20 17.0017.20 17.00 16.90 16.50 19.5019.30 19.00 19.50 20.20 24.40 23.90 23.20 22.70 23.00 25.40 23.40 29.90 29.60 32.10 31.40 35.50 35.60 44.50 45.00 65.40 56.60 24.10 .29.30 31.50 35.10 46.00 52.30 24.30 29.80 31.20 36.80 47.10 45.40 25.80 32.20 31.00 37.40 44.80 45.00 1967 23.60 24.5025.00 24.00 24.6025.00 25.20 24.9024.50 23.40 22.20 23.80 : AVERAGE PRICES RECEIVED BY ALABAMA FARMERS TABLE 47. HOGS PER HUNDREDWEIGHT) AT MmD-MONTH, 1959-73 (ALL) (DOLLARS Year Jan. Feb. Mar. Apr. 15.30 15.40 12.60 14.40 16.70 16.30 15.90 15.50 14.70 14.00 14.20 14.20 15.70 15.90 26.00 23.10 18.00 17.50 17.10 17.50 18.2018.70 26.10 25.00 17.70 16.00 24.80 23.30 33.00 37.00 15.40 14.60 16.20 15.40 13.40 13.80 16.00 22.00 16.20 18.20 23.10 15.20 22.00 34.70 May June July Aug. Sep. 14.1013.30 16.10 15.60 17.10 17.30 17.30 17.70 16.3015.40 15.4016.20 22.60 21.80 23.20 22.00 19.70 18.70 24.10 23.50 20.70 19.00 18.10 17.30 27.20 27.40 55.90 42.30' Oct. Nov. Dec. 12.50 16.50 16.70 16.60 15.00 15.50 22.20 21.10 17.60 23.50, 18.20 18.80 27.60 40.70 12.50 16.40 15.80 16.10 14.30 14.40 22.60 19.20 17.00 23.50 15.40 18.60 27.00 41.00 11.70 16.40 15.80 15.60 13.60 14.40 25.70 18.90 16.40 24.70 14.90 19.40 25.60 38.70 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 16.60 11.70 16.40 16.10 15.00 13.90 14.90 26.10 18.50 16.90 17.50 25.20 14.60 21.30 29.90 15.40 15.30 13.90 14.50 15.50'16.40 15.90 15.90 16.70 15.30 16.00 17.00 14.00 15.90 16.70 13.90 14.70 15.60 17.70 20.30 22.20 22.20 22.70 22.40 19.80 20.60 20.60 20.30 23.30 23.30 23.30 16.00 16.80 23.80 25.20 34.10 36.60 23.80 23.20 18.30 26.70 39.40 17.10 17.50 18.00 19.50 18.10 18.60 17.60 17.10 17.20 40 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 48. SHEEP: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (DOLLARS PER HUNDREDWEIGHT) Year 1960 1961 1962 1963 1964 1965 1966 1967 Jan. 5.50 5.70 5.00 5.40 5.20 5.20 5.70 Feb. Mar. 6.00 6.10 6.00 5.70 5.00 5.40 5.20 5.20 5.70 6.20 5.70 5.20 5.40 5.20 5.30 5.70 Apr. 6.10 6.40 5.70 5.20 5.60 5.20 5.30 5.70 May June 6.00 5.90 6.20 5.70 5.40 5.50 5.20 5.50 5.70 6.20 5.50 5.40 5.50 5.20 5.50 6.00 July Aug. Sep. 5.90 6.00 5.50 5.50 5.50 5.20 5.30 5.90 5.90 5.90 5.50 5.00 5.50 5.20 5.20 5.30 5.90 5.50 5.30 5.40 5.20 5.20 5.50 5.90 Oct. 5.70 5.50 5.40 5.40 5.20 5.20 5.50 5.90 Nov. Dec. 5.50 5.50 5.40 5.40 5.20 5.20 5.50 5.90 5.50 5.70 5.40 5.40 5.20 5.20 5.70 5.701 1959 6.00 1968 1969 1970 - ... ----- 19711972 1973 Mid-month estimates discontinued but annual average price continued. TABLE 49. LAMBS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (DOLLARS PER HUNDREDWEIGHT) Feb. Mar. Apr. May June July Aug. Sep. 18.50 16.50 18.00 17.00 17.50 20.50 21.00 17.50 17.50 16.20 16.50 18.00 17.50 17.00 17.00 17.80 17.80 20.00 20.00 21.00 20.00 Oct. 17.20 16.50 17.50 16.50 17.50 20.00 20.00 - Year Jan. Nov. Dec. 16.40 16.50 17.50 16.50 17.00 20.00 19.00 16.20 16.50 17.00 16.50 17.00 20.50 19.001 1959 18.20 17.80 18.10 18.50 21.00 20.50 1960 17.50 17.50 18.00 18.50 18.50 18.50 1961 16.20 16.20 16.20 16.20 16.50 15.50 1962 16.50 16.50 16.50 16.50 17.00 18.00 1963 17.00 17.00 17.50 17.50 17.50 17.50 1964 16.50 17.00 18.00 18.00 18.00 18.00 1965 17.50 17.50 18.50 18.50 20.00 21.00 1966 21.00 21.00 21.00 21.00 21.00 21.00 1967 1968196919 70 19 72 . . . . .. .. . . .. . . .. . 19.50 19.30 18.30 17.50 17.50 17.00 - - . . . . .. .. -. . . . -. . . . . . ... . ....- - - - - - -- - --- -- -- - - - -- 1971------------------19 73 .. .. . .. . .. .. . ... . .. . .. ..- - - -. - - - ----- --- . ... .. .. .. . .. . . 1 Mid-month estimates discontinued but annual average price continued. INDEXES of PRICES RECEIVED 41 IND)EXES of PRICES RECEIVED 4 TABLE 50. STEERS AND HEmIES: AVERAGE FARMERS AT MmD-MONTH, 1959-73 (DOLLARS PRICES RECEIVED BY ALABAMA PER HUNDREDWEIGHT) Year Jan. Feb. Mar. Apr. May June 24.30 24.30 21.4020.40 20.2019.80 21.80 21.00 20.90 21.00 18.20 16.50 18.9019.90 22.50 22.00 22.30 23.30 24.00 24.00 27.60 30.00 28.00 29.20 27.50 27.30 34.90 34.90 July Aug. Sep. 24.00 23.20 22.80 19.80 18.60 18.10' 19.40 20.00 19.50 21.00 21.00 21.80 21.50 21.0019.90 17.40 16.50 16.60 20.40 19.10 19.00 23.30 22.60 22.00 23.20 22.90 22.90 24.50 23.00 22.00 27.20 27.00 26.10 .28.50 28.00 27.20 29.50 30.00 29.50 37.00 36.60 37.00 48.10 57.40 49.70 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 24.30 21.00 20.20 20.80 22.00 19.00 16.20 21.30 22.00 23.40 23.60 28.30 27.20 33.10 42.20 24.10 24.20 21.60 21.60 20.50 21.00 20.70 21.60 21.50 21.50 18.80 19.10 17.10 17.70 21.90 23.00 22.30 21.50 23.20 23.50 25.00 25.60 29.10 30.80 29.50 28.00 33.50 33.30 44.20 48.80 25.00 22.40 20.50 21.80 22.00 18.70 18.70 22.80 21.70 24.30 26.00 30.20 28.30 33.20 45.10 46.2-0145.90 20.70 18.50 19.20 21.00 19.40 16.00 18.60 21.50 21.30 21.80 26.20 27.20 30.60 37.70 44.80 Oct. Nov. 20.00 18.00 19.80 21.00, 18.80 16.00 19.10 20.60 20.90 23.50 26.00 27.30 31.50 38.00 38.90 Dec. 20.20 20.00 20.50 22.00 18.20 16.20 19.80 21.50 21.80 23.80 27.40 26.80 28.90 37.00 39.60 AVERAGE PRICES RECEIVED BY ALABAMA FARMERS TABLE 51. PER HUNDREDWEIGHT AT MID-MONTH, 1959-73 COWS: (DOLLARS Year Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 14.70 14.30 14.30 15.50 15.20 16.00 16.10 15.3014.70 14.30 13.3013.70 12.50 12.50 13.50 14.30 15.00 15.40 15.40 15.10 15.00 14.60 14.40 14.00 13.50 14.00 14.50 13.80 13.40 14.30 15.00 14.8015.30 15.20 15.0014.50 14.50 15.00 14.60 14.80 15.10 14.40 14.00' 14.50 14.00 13.40 12.90 12.40 12.40 13.00 12.70 13.60 13.80 13.40 12.10 11.90 11.40 11.50 11.00 11.00 10.50 11.50 12.60 13.00 13.20 13.00 13.20 13.10 12.70 12.50 12.10 12.30 12.80 14.80 15.80 17.50 18.30 17.80 16.80 15.80 16.2015.80 15.80 14.80 16.10 16.20 16.90 16.40 16.60 16.80 16.80 16.90 16.20 15.50 14.50 14.50 15.50 1968 16.90 17.00 17.60 18.10 17.30 16.50 16.50 16.00 15.30 15.30 15.00 15.60 1969 16.50 18.90 19.00 19.20 19.50 19.80 19.20 19.30 18.60 18.70 18.50 19.50 1970 21.30 21.40 22.40 23.30 22.80 21.80 19.90 19.6019.50 18.30 18.40 19.10 1971 20.00 21.5022.00 21.70 21.50 20.70 20.60 20.0019.80 20.00 20.50 21.70 1972 22.20 23.00 24.00 24.00 24.00 23.70 24.40 25.00 24.00 24.50 24.50 26.00 1973I~28.00 30.90 34.60 33.80 33.70 32.40 33.80 37.10 34.40 32.00 30.10 29.70 C~ l ~ ~t-l I II~I IV 1 \I \I 1959 1960 1961 1962 1963 1964 1965 1966 1967 17.80 19.90 18.30 18.90 18.00 17.50 17.00 16.20 16.10 14.00 1430 42 42 ALABAMA AGRICULTURAL EXPERIMENT STATION TABLE 52. MILK Cows: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 PER HEAD) (DOLLARS 170 155 150 155 155 145 145 155 165 190 220 250 250 270 400 Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 140 150 140 165 155 150 135 150 160 190 200 225 240 250 280 Feb. 145 155 145 160 155 150 135 150 160 190 200 240 245 260 280 Mar. Apr. 160 155 145 160 160 145 145 155 160 190 210 250 250 260 320 May June July Aug. Sep. 160 150 150 150 160' 145 145 155 160 185 210 250 250 270 325 160 150 145 150 155 140 145 155 160 190 220 250 250 270 350 175 150 155 160 140 145 155 165 190 220 250 250 250 420 155 Oct. Nov. Dec. 160 145 165 155 155 135 145 160 175 200 155 155 145 160 160 145 140 155 160 .200 205 250 245 260 320 165 145 160 155 155 140 145 155 170 200 220 250 250 280' 420 220 240 250 280 400 150 140 165 160 150 130 145 160 175 200 220 240 250 280 400 150 145 165 155 155 130 145 160 180 200 220 240 250 280 385 TABLE 53. MILK: AVERAGE PRICES RECEIVED ALABAMA FARMERS AT MID-MONTH, 1959-73 PER HUNDREDWEIGHT (DOLLARS BY (W) Year Jan. 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 I rVL)I 6.00 5.80 5.90 5.80 5.75 5.80 5.60 5.90 5.80 5.90 5.85 6.00 5.90 6.00 6.00 6.10 5.95 6.45 6.45 6.75 6.75 6.90 6.80 7.30 7.25 7.24 7.29 7.40 7.90 ILLI~ i. VU Feb. Mar. Apr. I May June 5.55 5.35 5.30 5.30 5.85 5.30 5.40 5.40 5.45 5.35 5.40 5.40 5.55 5.30 5.40 5.40 5.75 5.55 5.55 5.55 5.80 5.65 5.65 5.55 5.80 5.70 5.60 5.60 5.95 5.95 5.85 5.85 6.05 6.10 6.20 6.25 6.35 6.30 6.10 6.20 6.60 6.55 6.60 6.50 6.65 6.60 6.60 6.55 7.10 7.05 7.00 7.00 7.10 6.95 6.99 7.03 7.75 7.70 I 7.75 7.85 ~~~LLI~LLII I~1~~V lllll~J July Aug. Sep. 5.45 5.50 5.40 5.30 5.55 5.65 5.65 5.45 5.45 5.40 5.40 5.60 5.65 5.65 5.95 5.90 6.00 5.70 5.70 5.65 5.60 5.70 5.75 5.75 6.50 6.40 6.85 7.05 7.20 7.28 6.20 6.30 6.65 6.60 7.10 7.07 6.30 6.85 6.60 6.60 7.10 7.09 6.15 8.10 8.25 9.10' 1111 Oct. I Nov. Dec. 5.80 6.00 5.95 5.75 5.85 5.75 5.75 5.75 5.60 5.65 5.75 5.60 5.80 5.95 5.90 5.90 6.05 6.00 5.80 5.90 5.90 6.15 6.30 6.05 6.55 6.55 6.50 6.65 6.70 6.60 6.90 6.90 6.90 7.25 7.30 7.15 7.25 7.35 7.30 7.29 7.38 7.39 9.70 I 9.75 9.75 INDEXES of PRICES RECEIVED 43 FARMERS TABLE 54. BROILERS: AVERAGE PRICES RECEIVED BY ALABAMA AT MID-MONTH, 1959-73 (CENTS PER POUND) Year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 Jan. 16.0 16.5 15.5 15.5 14.1 13.6 13.5 15.5 12.5 12.5 13.0 13.5 12.0 12.5 16.5 55. Feb. Mar. 15.5 16.0 17.0 17.5 17.0 16.0 16.0 15.5 15.1 14.8 13.4 13.5 14.5 15.0 16.0 16.0 14.0 12.5 14.0 13.5 14.0 14.0 13.0 13.0 12.5 12.5 13.5 13.5 18.5 22.5 Apr. 15.5 17.0 14.0 14.0 14.8 12.8 14.5 15.0 12.5 13.0 13.5 12.0 12.5 12.0 25.5 May June 15.0 15.0 17.0 13.0 13.5 14.0 13.0 14.5 16.0 12.0 13.5 14.5 12.5 13.5 12.5 23.5 17.0 12.0 13.5 13.9 13.2 15.5 15.5 12.0 14.0 15.0 12.0 14.0 13.5 24.0 July Aug. Sep. 15.0 17.0 11.5 14.5 13.9 14.1 15.0 15.0 13.5 14.5 16.5 12.0 15.0 14.5 26.0 14.5 14.5 16.0 11.5 15.0 13.7 14.0 14.5 14.5 12.0 14.0 15.4 11.5 13.0 13.5 36.0 15.0 11.0 15.5 13.1 13.9 14.0 13.0 11.5 13.5 14.5 12.0 13.0 14.5 30.0 Oct. 14.0 15.0 11.0 14.5 13.2 13.7 13.0 12.0 11.0 11.5 13.5 11.0 11.5 13.5 24.0 Nov. Dec. 14.0 15.0 11.5 13.5 13.7 13.8 13.5 12.0 10.5 12.0 12.5 12.0 11.0 13.0 17.0 16.5 14.5 14.5 14.0 12.6 13.0 13.5 10.5 10.5 12.0 12.0 11.0 10.5 13.0 18.5 TABLE CHICKENS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (CENTS PER POUND) Year 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 Jan. 12.0 14.0 12.0 13.0 11.5 12.0 12.0 9.0 9.5 10.0 11.0 7.0 7.5 8.5 Feb. Mar. 13.5 13.5 11.5 14.5 13.0 13.0 12.0 13.0 11.0 9.0 10.0 10.0 11.0 7.0 7.5 10.0 12.5 14.5 12.5 13.0 11.5 13.0 12.0 9.5 9.0 10.0 11.5 7.0 9.0 15.0 Apr. 13.0 12.0 13.0 12.0 13.0 12.5 12.0 12.0 9.0 9.0 10.0 10.0 7.0 7.0 15.5 May June 13.0 12.5 12.0 12.0 12.0 11.5 11.0 12.0 11.0 9.0 9.0 9.5 8.5 7.0 8.0 18.5 12.0 11.5 11.5 12.0 10.0 12.0 10.0 9.0 9.0 10.0 7.5 7.0 8.0 16.5 July Aug. Sep. 12.5 12.0 12.0 11.5 11.5 10.5 12.0 9.0 9.5 8.5 10.0 8.0 7.0 9.0 16.0 11.5 12.0 12.5 11.5 12.0 12.0 12.0 11.5 9.0 9.0 8.5 11.0 8.0 7.5 9.5 29.0 12.5 10.0 13.0 12.0 12.0 11.5 9.0 9.0 9.0 11.0 7.5 7.0 9.0 24.0 Oct. 11.0 13.0 10.5 12.5 12.5 12.0 11.5 9.0 9.0 9.5 11.5 8.0 8.0 10.0 18.0 Nov. Dec. 11.5 13.5 11.5 13.0 12.5 13.0 12.0 9.5 9.0 10.0 12.0 8.0 8.0 10.5 18.0 12.5 14.0 12.0 13.0 12.0 13.0 12.5 9.5 9.0 10.5 11.5 8.0 8.0 10.0 14.0 1959 13.5 44 TABLE 56. ALABAMA AGRICULTURAL EXPERIMENT STATION EGGS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH, 1959-73 (CENTS PER DOZEN) Year 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 Jan. 45.5 40.3 49.5 44.9 44.9 45.2 38.5 42.5 43.0 35.0 48.5 54.5 41.5 36.0 49.0 Feb. Mar. 44.0 39.1 47.2 45.2 45.1 42.4 39.0 46.0 39.0 34.0 45.5 50.5 40.0 35.5 41.0 39.8 39.1 44.2 39.6 43.9 41.5 39.5 46.0 42.0 35.0 45.5 47.0 37.5 37.0 48.0 Apr. 36.1 41.5 41.4 37.3 39.5 38.7 39.5 41.8 37.5 32.5 43.0 41.0 36.5 30.0 46.0 May June 31.7 39.6 38.7 37.6 38.4 36.5 36.0 38.3 37.5 31.5 38.0 37.0 33.5 29.0 45.0 31.7 39.6 37.9 36.6 36.9 38.4 37.0 39.3 36.5 36.0 39.0 35.5 33.5 30.0 54.2 July Aug. 36.5 38.9 39.4 36.8 38.1 40.0 38.0 41.4 38.5 39.0 43.0 44.0 32.5 32.5 50.8 37.0 41.6 40.5 38.9 40.0 41.0 39.5 43.8 37.0 40.5 40.0 40.0 36.0 30.5 73.4 Sep. 38.8 45.4 40.5 43.4 42.2 41.0 41.5 48.0 39.5 47.0 44.0 42.5 34.0 35.5 67.0 Oct. 40.6 50.0 43.3 45.5 42.4 42.0 41.0 46.3 36.5 43.0 43.0 41.0 33.5 32.5 62.1 Nov. Dec. 41.2 51.8 43.6 45.1 42.9 41.0 42.5 47.5 38.5 45.0 50.5 41.5 34.5 40.5 59.3 41.1 51.4 42.9 44.8 43.0 39.5 44.5 46.5 38.0 47.0 55.5 44.0 39.0 46.0 67.0 TABLE 57. TURKEYS: AVERAGE PRICES RECEIVED BY ALABAMA FARMERS AT MID-MONTH. 1959-73 (CENTS PER POUND) Oct. 23 25 22 21 21 22 22 23 19 21 20 22 21 22 Nov. Dec. 24 25 22 23 23 23 22 24 19 21 21 22 21 23 ..27 28 20 22 22 24 22 24 19 21 23 22 21 241 31 23 22 22 21 21 22 22 22 20 22 20 22 21 22 Year 1959 Jan. 27 Feb. Mar. 27 27 24 21 22 21 23 22 22 19 21 23 22 22 26 27 24 21 22 21 23 22 22 19 19 23 22 22 . Apr. 27 26 24 21 22 21 23 22 21 19 19 23 22 22 . May June 26 27 24 21 22 21 23 22 21 20 21 22 22 21 25 26 24 22 22 23 21 22 23 21 20 21 22 22 21 .. July Aug. Sep. 23 23 22 21 21 21 22 22 20 20 20 22 22 21 ... 25 22 22 21 21 21 22 22 20 22 20 22 22 22 1960 27 1961 24 1962 22 1963 21 1964 21 1965 23 1966 22 1967 22 1968 19 1969 21 1970 1971 1972 1973 23 22 22 Mid-month estimates discontinued but annual average price continued. ACKNOWLEDGMENT The authors wish to thank the Alabama Crop and Livestock Reporting Service, Donald B. Jones, statistician in charge; and John D. Witzig, assistant statistician in charge; for their cooperation in the preparation of this Alabama Farm Price Index report. A~zKiLULIUKAL EXPEKIM NT STATION SYSTEM OF ALABAMA'S LAND-GRANT UNIVERSITY With an agricultural research unit in every major soil area, Auburn University serves the neceds of field crop, livestock, forestry, and horticultural producers in each region in Alabama. Every citizen of the State has a stake in 0 QQ this research program, since any advantage from new and more economical ways of producing and handling farm products directly benefits the consuming publlic. © 0 Research Unit Identification *. Tennessee Valley Substation, Belle Mina. 2. Sond Mountain Substation, Crossville. 3. North Alabama Horticulture Substation, Cullman. 4. Upper Coastal Plain Substation, Winfield. 5. Forestry Unit, Fayette County. 6. Thorsby Foundation Seed Stocks Farm, Thorsby. 7. Chilton Area Horticulture Substation, Clanton. 8. Forestry Unit, Coosa County. 9. Piedmont Substation, Camp Hill. 10. Plant Breeding Unit, Tallassee. 11. Forestry Unit, Autauga County. 12. Prattville Experimenr Field, Prattville. 13. Black Belt Substation, Marion Junction. 14. Tuskegee Experiment Field, Tuskegee. 15. Lower Coastal Plain Substation, Camden. 16. Forestry Unit, Barbour County. 17. Monroeville Experiment Field, Monroeville. 18. Wiregrass Substation, Headland. 19. Brewton Experiment Field, Brewton. 20. Ornamental Horticulture Field Station, Spring Hill. 21. Gulf Coast Substation, Fairhope.