Inventories

Inventories as of August 31, 2019 and 2018, are as follows:



	2019		2018
	(Dollars in thousands)
Grain and oilseed	$	1,024,645	$	1,298,522
Energy	717,378		737,639
Agronomy	954,037		560,675
Processed grain and oilseed	109,900		99,426
Other	48,328		72,387
Total inventories	$	2,854,288	$	2,768,649

As of August 31, 2019 and 2018, we valued approximately 16% 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. If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $215.0 million and $345.0 million as of August 31, 2019 and 2018, respectively. Inventory previously classified as feed and farm supplies inventory represented non-grain and oilseed inventories held at our country operations locations. During fiscal 2019, these inventories were reclassified to better align with their underlying inventory types, primarily agronomy and energy inventories. Prior year feed and farm supply inventory amounts have been reclassified as agronomy, energy and other inventories in the amounts of $314.4 million, $22.4 million and $55.1 million, respectively.