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Price Indexes and Discount Rates | NRCS Economics

Price Index with Web Sources

Quick spreadsheet of the most common indexes and discount rates (xls, 156KB)Updated Monthly
Use of the Discount Rate in Conservation Programs and Projects (PP, 198 KB)
CPI: 1913 to current InflationData.com
ENR: 1908 to current Engineering News-Record.com
Bureau of Reclamation Construction Cost Trends
US Census Bureau Houses Under Construction Fixed Weighted Index
    (look under methodology tab).
Water Resource Project Discount Rates
Part 613 NRCS National Resource Economics Handbook, Payment Schedules (PDF, 286 KB)
The FY2015 Water Resource Project Discount Rate is 3.375%.
OMB Circular No. A-94, Discount Rates For Cost-Effectiveness, Lease Purchase, and Related Analyses.
OMB Circular No. A-94, APPENDIX C (Revised December,  2013), Discount Rates For Cost-Effectiveness, Lease Purchase, and Related Analyses.  Use 3.0% for all non-PL566 watershed analysis for FY2015 payment schedules and other analysis in 2014.
OMB Circular No. A-4 Regulatory Analysis should use 7%, with 3% and 10% for sensitivity analysis.
Land Values for all US counties 1850 to 1992.  Use NASS and the Ag. Census for later land values.
Normalized Prices for use by Federal agencies in water and related land resource planning.
Recreational and Water Quality Benefits
NRCS Interest and Annuity Spreadsheet (xls, 267 KB)
Wallet Size Amortization Tables (xls, 45.5 KB)
Economagic Public Economic Data Site

Agricultural Prices and Indexes are available through the National Agricultural Statistics Service Home Page.  The direct link is to Agricultural Prices.  Historical data is easily assessable from http://quickstats.nass.usda.gov/.


The BEA Regional Projections, 1969 to 2045 spreadsheet (xls, 3.88 MB) (formerly OBERS) projections are available.  This spreadsheet includes employment, earnings, and gross sector production by industrial sector, by state and MSA annually 1969 to 1993, plus forecasts through 2045. Some items, like content (not buildings) flood damages, can include future increases based on these GDP type projections. BEA has since discontinued their Regional Projections Program: Discontinuation of the Regional Projections Program (PDF,660 KB).  But many older NRCS projects used them. 

Instructions on the use of these regional projections for estimating future flood damages are included in Principles and Guidelines for Water Resource Projects,(PDF, 1.22MB) section 2.4.11(c), Pages 36-37 and page 47.

Construction Costs Indexes include:

NRCS Economics Handbooks