February Prices Received Index Increased 6.1 Percent, Prices Paid Up .1%

The February Prices Received Index (Agricultural Production), at 91.7, increased 6.1 percent from January 2017. At 86.6, the Crop Production Index increased 10 percent. At 96.1, the Livestock Production Index decreased 0.5 percent. Producers received higher prices for lettuce, hogs, cattle, and oranges but lower prices for market eggs, milk, broilers, and onions. Compared with a year earlier, the Prices Received Index is down 0.9 percent. The Crop Production Index increased 3.5 percent but the Livestock Production Index declined 3.2 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of cattle, milk, and br

Purdue/CME Group Ag Economy Barometer shifts course

Barometer declines, but is still second highest since data collection began. The Purdue/CME Group Ag Economy Barometer shifted course during February, declining to a reading of 134 compared to 153 a month earlier. Although the Barometer—a measure of producer sentiment based on a monthly survey of 400 U.S. agricultural producers—fell 19 points below its record high set in January, it was still the second highest reading since data collection began in fall 2015. The two component indices of the Ag Economy Barometer, the Index of Current Conditions and the Index of Future Expectations, also backed off from their January levels. The Index of Current Conditions was 105 in February, down from 118

Capital released for US farmers transitioning to organic

Starting at the end of March, US feed crop producers working toward organic certification will be able to gain funding support for some fees involved in the certification process. The funding for the Organic Certification Cost Share Program (OCCSP) is being offered through the Commodity Credit Corporation and Farm Service Agency at the US Department of Agriculture. States had to apply for a portion of the $12.5m on offer per year for 2017 and 2018. This is the first year that fee support is being offered for feed crop growers and other producers who are “transitioning,” or taking the multi¬year steps needed to become a certified organic producer in the US, said Harriet Behar, senior org

January Farm Prices Received Decreases, Prices Paid Increases

January Prices Received Index Decreased 1.6 Percent The January Prices Received Index (Agricultural Production), at 86.4, decreased 1.6 percent from December 2016. At 78.3, the Crop Production Index decreased 3.1 percent. At 96.6, the Livestock Production Index increased 2.3 percent. Producers received lower prices for market eggs, turkeys, tomatoes, and cauliflower but higher prices for cattle, hogs, broilers, and corn. Compared with a year earlier, the Prices Received Index is down 2.9 percent. The Crop Production Index decreased 1.5 percent and the Livestock Production Index declined 3.4 percent. In addition to prices, the indexes are influenced by the monthly mix of commodities produc

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