News Column

April Farm Prices Received Index Advanced 4 Points

April 30, 2014

LAKEWOOD, Colo., April 30 -- The U.S. Department of Agriculture's Colorado Agricultural Statistics office issued the following news release:

The preliminary All Farm Products Index of Prices Received by Farmers in April, at 115 percent, based on 2011=100, increased 4 points (3.6 percent) from March. The Crop Index is up 4 points (4.3 percent) and the Livestock Index increased 4 points (3.1 percent). Producers received higher prices for hogs, corn, soybeans, and broilers and lower prices for oranges, barley, and peanuts. 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 milk, broilers, and oranges offset the decreased marketing of corn, soybeans, hay, and wheat. The preliminary All Farm Products Index is up 8 points (7.5 percent) from April 2013. The Food Commodities Index, at 125, increased 3 points (2.5 percent) from last month and increased 18 points (17 percent) from April 2013.

Prices Paid Index Up 2 Points The April Index of Prices Paid for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW) is at 112 (2011=100). The index is up 2 points (1.8 percent) from March and 6 points (5.7 percent) above April 2013.

Higher prices in April for feeder cattle, feeder pigs, complete feeds, and hay & forages more than offset lower prices for diesel, herbicides, insecticides, and self-propelled machinery.

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Source: Targeted News Service

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