Inventories

Inventories as of August 31, 2017, and 2016, are as follows:



	2017		2016
	(Dollars in thousands)
Grain and oilseed	$	1,145,285	$	937,258
Energy	755,886		729,695
Crop nutrients	248,699		217,521
Feed and farm supplies	353,130		417,431
Processed grain and oilseed	49,723		48,930
Other	23,862		19,864
Total inventories	$	2,576,585	$	2,370,699

As of August 31, 2017, we valued approximately 19% of inventories, primarily crude oil and refined fuels within our Energy segment, using the lower of cost, determined on the LIFO method, or net realizable value (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 $186.2 million and $93.9 million as of August 31, 2017, and 2016, respectively.