Released November 30, 2015, by the National Agricultural Statistics Service
USDA’s National Agricultural Statistics Service is updating the rounding for the Prices Received and Prices Paid 2011=100 Index series beginning with the February 2016 Agricultural Prices report.
October Farm Prices Received Index Down 9.2 Percent
The October Prices Received Index (Agricultural Production), at 89, decreased 9.2 percent from September. At 80, the Crop Production Index decreased 8.0 percent. The Livestock Production Index, at 104, decreased 4.6 percent.
Producers received lower prices for cattle, market eggs, lettuce, and broilers but higher prices for sweet corn, milk, strawberries, and hogs. In addition to prices, the indexes are influenced by the monthly mix of commodities producers market. Increased monthly movement of soybeans, corn, cotton, and calves offset the decreased marketing of cattle, milk, broilers, and wheat.
The Prices Received Index is down 11 percent from the previous year. The Food Commodities Index, at 95, decreased 7.8 percent from September and is down 15 percent from October 2014.
October Prices Paid Index Unchanged
The October Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 107, is unchanged from September but is down 4.5 percent from October 2014. Lower prices in October for concentrates, nitrogen, other services, and complete feeds offset higher prices for wage rates, feeder cattle, feeder pigs, and hay & forages.
Prices Received, Prices Paid, and Ratio of Prices Received to Prices Paid Indexes
2011 Base – United States: October 2015 with Comparisons