February Ag Prices Received Rises, Prices Paid Decreases
February Prices Received Index Up 1.8 Percent
The February Prices Received Index 2011 Base (Agricultural Production), at 90.4, increased 1.8 percent from January and 0.1 percent from February 2019. At 85.9, the Crop Production Index was up 4.4 percent from last month and 0.9 percent from the previous year. The Livestock Production Index, at 94.8, decreased 3.7 percent from January and 0.4 percent from February last year. Producers received higher prices during February for market eggs, oranges, turkeys, and cotton but lower prices for lettuce, broilers, soybeans, and milk. In addition to prices, the indexes are influenced by the volume change of commodities producers market. In February, there was increased monthly movement for cattle, milk, broilers, and greenhouse & nursery and decreased marketing of corn, soybeans, tobacco, and wheat.
February Prices Paid Index Down 0.3 Percent
The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 110.0, is down 0.3 percent from January 2020 and 0.5 percent from February 2019. Lower prices in February for feeder cattle, feeder pigs, diesel, and supplements more than offset higher prices for nitrogen, hay and forages, repairs, and trucks.