February Farm Prices Received And Paid Increases
February Prices Received Index Increased 5.7 Percent
The February Prices Received Index (Agricultural Production), at 90.8, increased 5.7 percent from January 2018. At 86.2, the Crop Production Index increased 10 percent. The Livestock Production Index, at 94.2, decreased 0.3 percent. Producers received higher prices for oranges, cattle, corn, and market eggs but lower prices for milk, broilers, lemons, and broccoli. Compared with a year earlier, the Prices Received Index is down 0.2 percent. The Crop Production Index increased 1.7 percent and the Livestock Production Index decreased 1.9 percent from a year ago. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of milk, cattle, broilers, and hogs offset the decreased marketing of soybeans, corn, tobacco, and cotton. The Food Commodities Index, at 95.2, increased 2.9 percent from the previous month but decreased 1.0 percent from February 2017.
February Prices Paid Index Up 0.9 Percent
The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 109.4, is up 0.9 percent from January 2018 and 3.2 percent from February 2017. Higher prices in February for concentrates, nitrogen, complete feeds, and feeder cattle more than offset lower prices for LP gas, other machinery, trucks, and repairs.