Inventories



	February 28, 2019		August 31, 2018
	(Dollars in thousands)
Grain and oilseed	$	1,350,927	$	1,298,522
Energy	827,468		715,161
Crop nutrients	469,946		246,326
Feed and farm supplies	771,810		391,906
Processed grain and oilseed	114,177		99,426
Other	20,452		17,308
Total inventories	$	3,554,780	$	2,768,649

As of February 28, 2019, we valued approximately 18% of inventories, primarily related to our Energy segment, using the lower of cost, determined on the LIFO method, or net realizable value (16% as of August 31, 2018). If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $219.8 million and $345.0 million as of February 28, 2019, and August 31, 2018, 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.