Released , by the National Agricultural Statistics Service
(NASS), Agricultural Statistics Board, United States Department of
Agriculture (USDA).
January Farm Prices Received Index Increased 7 Points
The preliminary All Farm Products Index of Prices Received by Farmers in
January, at 186 percent, based on 1990-1992=100, increased 7 points
(3.9 percent) from December. The Crop Index is up 10 points (5.1 percent) but
the Livestock Index decreased 1 point (0.6 percent). Producers received
higher prices for cattle, broilers, soybeans, and corn and lower prices for
eggs, milk, wheat, and lettuce. In addition to prices, the overall index is
also affected by the seasonal change based on a 3-year average mix of
commodities producers sell. Increased monthly movement of corn, soybeans,
cattle, and rice offset decreased marketings of milk, broilers, cotton, and
cottonseed.
The preliminary All Farm Products Index is up 20 points (12 percent) from
January 2011. The Food Commodities Index, at 171, increased 2 points
(1.2 percent) from last month and 12 points (7.5 percent) from January 2011.
Prices Paid Index Up 2 Points
The January Index of Prices Paid for Commodities and Services, Interest,
Taxes, and Farm Wage Rates (PPITW) is 207 percent of the 1990-1992 average.
The index is up 2 points (1.0 percent) from December and 12 points (6.2
percent) above January 2011. Higher prices in January for feeder cattle,
interest expenses, taxes, and land rent offset lower prices for complete
feeds, LP gas, concentrates, and diesel.
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