March Farm Prices Received And Paid Increase
March Prices Received Index Increased 4.5 Percent
The March Prices Received Index (Agricultural Production), at 94.9, increased 4.5 percent from February 2018. At 87.5, the Crop Production Index increased 1.5 percent. The Livestock Production Index, at 99.8, increased 5.9 percent. Producers received higher prices for market eggs, broilers, lettuce, and milk but lower prices for oranges, hogs, lemons, and grapefruit. Compared with a year earlier, the Prices Received Index is up 0.9 percent. The Crop Production Index increased 2.2 percent but the Livestock Production Index decreased 0.7 percent. In addition to prices, the indexes are influenced by the volume change of commodities producers market. Increased monthly movement of milk, strawberries, cattle, and calves offset the decreased marketing of cotton, soybeans, apples, and hay. The Food Commodities Index, at 99.8, increased 4.8 percent from the previous month but was unchanged from March 2017.
March Prices Paid Index Up 0.1 Percent
The March Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 108.5, is up 0.1 percent from February 2018 and 1.8 percent from March 2017. Higher prices for herbicides, complete feeds, hay and forages, and insecticides more than offset lower prices for feeder cattle, field crops, feeder pigs, and diesel.