Farm purchasing power in the United States weakened again in September, with the prices producers paid still rising while overall prices received moved lower, according to USDA's latest Agricultural Prices report.
The Prices Received Index fell 1.7 percent from August to 133.2, while the Prices Paid Index rose 0.4 percent to 160.5. The ratio of the two dropped to 83, from 85 in August and 87 a year earlier.
Crops gave some support, with the crop production index up 15 percent from September 2025. The livestock production index fell 10 percent from a year earlier as cattle, hog, milk and egg prices weakened.
Producers also faced higher bills for feed, fuel, fertilizer, machinery and services, with the overall production-cost index 6 percent above last year. The gap adds pressure on working capital even where commodity prices have improved.
Photo: Lynn Betts / Wikimedia Commons (Public domain)
Source: All Ag News
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