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UK Farming Statistics

18 June 2015

UK April Agricultural Price IndexUK April Agricultural Price Index

UK Farming Statistics

The Agricultural Price Index (API) measures the monthly price changes in agricultural outputs and inputs for the UK. The output series reflects the price farmers receive for their products, also referred to as farm gate price. Information is collected for all major crops (for example wheat and potatoes) and on livestock and livestock products (for example sheep, milk and eggs).

The input series reflects the price farmers pay for goods and services. This is split into two groups: goods and services currently consumed; and goods and services contributing to investment. Goods and services currently consumed refer to items that are used up in the production process, for example fertiliser, or seed. Goods and services contributing to investment relate to items that are required but not consumed in the production process, such as tractors or buildings.

Key points

  • In April 2015, compared to the previous month, the monthly price index for all outputs rose by 0.2% and the price index for all inputs fell by 0.7%.
  • In general, prices are lower than the same time last year with the price index for all outputs and inputs down 12.4% and 5.6% respectively.

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