November Farm Prices Received Index Up 3.4 Percent
The November Prices Received Index (Agricultural Production), at 92,
increased 3.4 percent from October. At 82, the Crop Production Index is up
2.5 percent. At 105, the Livestock Production Index increased 1.0 percent.
Producers received higher prices for market eggs, lettuce, milk, and
strawberries but lower prices for hogs, soybeans, calves, and corn. In
addition to prices, the indexes are influenced by the monthly mix of
commodities producers market. Increased monthly movement of corn, cattle,
milk, and cotton offset the decreased marketing of soybeans, grapes,
potatoes, and wheat.
The Prices Received Index is down 9.8 percent from the previous year. The
Food Commodities Index, at 101, increased 6.3 percent from the previous
but is down 16 percent from November 2014.
November Prices Paid Index Down 0.9 Percent
The November Index of Prices Paid for Commodities and Services, Interest,
Taxes, and Farm Wage Rates (PPITW), at 106, is down 0.9 percent from October
and 5.4 percent from November 2014. Lower prices in November for feeder
cattle, concentrates, complete feeds, and feed grains more than offset
prices for self-propelled machinery and supplements.
Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid
2011 Base – United States: November 2015 with Comparisons