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August farm prices received index decreased 12 points
Story Date: 9/2/2013
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Source: USDA NATIONAL AGRICULTURAL STATISTICS SERVICE, 8/30/13
The preliminary All Farm Products Index of Prices Received by Farmers in August, at 188 percent, based on 1990-1992=100, decreased 12 points (6.0 percent) from July. The Crop Index is down 17 points (7.4 percent) and the Livestock Index decreased 1 point (0.6 percent). Producers received lower prices for corn, soybeans, and broilers and higher prices for milk. In addition to prices, the overall index is affected by the seasonal change based on a 3-year average mix of commodities producers sell. Increased monthly movement of cattle, barley, and calves offset the decreased marketing of wheat, corn, and soybeans.
The preliminary All Farm Products Index is down 5 points (2.6 percent) from August 2012. The Food Commodities Index, at 181, decreased 7 points (3.7 percent) from last month but increased 3 points (1.7 percent) from August 2012.
Prices Paid Index up 1 Point
The August Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is 221 percent of the 1990-1992 average. The index is up 1 point (0.5 percent) from July and 5 points (2.3 percent) above August 2012. Higher prices in August for concentrates, feeder cattle, LP gas, and complete feeds offset lower prices for nitrogen, feed grains, hay & forages, and potash & phosphate.
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