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USDA Agricultural Prices

04 February 2013

USDA Agricultural Prices - 31 January 2013USDA Agricultural Prices - 31 January 2013

USDA Agricultural Prices

January Farm Prices Received Index Increased 18 Points

The preliminary All Farm Products Index of Prices Received by Farmers in January, at 217 percent, based on 1990-1992=100, increased 18 points (9.0 percent) from December. The Crop Index is up 22 points (9.7 percent) and the Livestock Index increased 2 points (1.2 percent). Producers received higher prices for lettuce, broilers, cattle, and corn and lower prices for milk, soybeans, eggs, and wheat. In addition to prices, the overall index is also affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of corn, soybeans, rice, and strawberries offset the decreased marketing of broilers, milk, wheat, and upland cotton.

The preliminary All Farm Products Index is up 28 points (15 percent) from January 2012. The Food Commodities Index, at 197, increased 11 points (5.9 percent) from last month and increased 24 points (14 percent) from January 2012.

Prices Paid Index up 3 Points

The January Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 221 percent of the 1990-1992 average. The index is up 3 points (1.4 percent) from December and 11 points (5.2 percent) above January 2012. Higher prices in January for cash rent, nitrogen, other services, and taxes offset lower prices for diesel, interest, complete feeds, and mixed fertilizer.

Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes 1990-1992 Base – United States: January 2013 with Comparisons

February 2013

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