LIVESTOCK AND LIVESTOCK PRODUCTS 39 



MONTANA FARM PRICES 



The United States Department cf Agriculture throu^'h the old Bureau of 

 Crop Estimates and later through the Bureau of Agricultural Economics has 

 been collecting for more than the past decade monthly farm prices of products 

 sold by farmers. This data published in Crops and Markets and other depart- 

 ment publications, for Montana and other states, has never been brought together 

 as a whole for Montana until now. The present tabulation of this data for rep- 

 resentative products sold by Montana farmers for the past 10 years or more is 

 taken directly from the old published averages in the monthly issues of the de- 

 partment publications and while it is believed that these averages represent quite 

 closely the average monthly prices received by Montana farmers during this period, 

 the data haa not been checked against any other records of local prices and the 

 averages presented here are given as tentative, until such time as more thorough 

 study can be made as to their representativeness. 



It is believed that the publication of such data will afford Montana farmers 

 and students of Montana agricultural problems an opportunity to study in a 

 general way the trend of state prices in the past, and that the data, although in- 

 complete in some instances, will be of value for such comparative study. 



Price Trends. 



Following the tables of Montana farm prices will be found graphs showing 

 the market trend of prices for a few agricultural commodities of which Montana 

 farmers are important producers. The graphs on wool, wheat, cattle and lamb 

 prices make comparison of the price trends of the current season to January 

 preceding publication of this volume, in comparison with the preceding season 

 and in some cases that of two years ago. The graphs showing the index numbers 

 of farm prices and ratio of farm prices to wholesale non-agricultural prices, have 

 been reproduced from the February supplement of Crops and Markets published 

 monthly by the U. S. Department of Agriculture. 



MONTANA FARM PRICE OF WHEAT (Cents Per Bushel)* 



Julv 

 15 



1910-11 95 



1911-12 90 



1912-13 83 



1913-14 66 



1914-15 75 



1915-16 99 



1916-17 85 



1917-18 204 



1918-19 210 



1919-20 220 



1920-21 25? 



1921-22 119 



1922-23 118 



1923-24 86 



1924-25 ! r;; 110 116 104 127 123 138 157 165 146 134 138 148 



1925-26 137 148 142 134 138 150 



♦Tentative prices, subject to revision. 



