February Ag Prices Received Index Up 7.4 Percent, Prices Paid Up 1.5 Percent

February Prices Received Index Up 7.4 Percent   

The February Prices Received Index 2011 Base (Agricultural Production), at 119.7, increased 7.4 percent from January and 26 percent from February 2021. At 114.1, the Crop Production Index was up 9.3 percent from last month and 17 percent from the previous year. The Livestock Production Index, at 126.0, increased 1.4 percent from January, and 35 percent from February last year. Producers received higher prices during February for soybeans, corn, hogs, and oranges but lower prices for broilers, broccoli, market eggs, and strawberries. In addition to prices, the volume change of commodities marketed also influences the indexes. In February, there was increased monthly movement for cattle, milk, broilers, and greenhouse & nursery and decreased marketing of soybeans, corn, tobacco, and wheat.    

February Prices Paid Index Up 1.5 Percent   

The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 126.2, is up 1.5 percent from January 2022 and 12 percent from February 2021. In February, prices were higher for feeder pigs, nitrogen, complete feeds, and feed grains.