Inventories



	February 28, 2017		August 31, 2016
	(Dollars in thousands)
Grain and oilseed	$	1,646,960	$	937,258
Energy	842,258		729,695
Crop nutrients	353,651		217,521
Feed and farm supplies	822,975		417,431
Processed grain and oilseed	61,732		48,930
Other	24,642		19,864
Total inventories	$	3,752,218	$	2,370,699

As of February 28, 2017, we valued approximately 16% of inventories, primarily related to our Energy segment, using the lower of cost, determined on the LIFO method, or market (19% as of August 31, 2016). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $170.3 million and $93.9 million at February 28, 2017, and August 31, 2016, respectively. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Interim LIFO calculations are based on management's estimates of expected year-end inventory levels, and are subject to the final year-end LIFO inventory valuation.