March Ag Prices Received Index Up 6.3 Percent , Prices Paid Up 1.4%

March Prices Received Index Up 6.3 Percent   

The March Prices Received Index 2011 Base (Agricultural Production), at 127.3, increased 6.3 percent from February and 31 percent from March 2021. At 120.5, the Crop Production Index was up 5.6 percent from last month and 23 percent from the previous year. The Livestock Production Index, at 134.5, increased 6.7 percent from February, and 39 percent from March last year. Producers received higher prices during March for broilers, lettuce, corn, and milk but lower prices for strawberries, calves, broccoli, and tomatoes. In addition to prices, the volume change of commodities marketed also influences the indexes. In March, there was increased monthly movement for strawberries, cattle, milk, and broilers and decreased marketing of cotton, soybeans, apples, and greenhouse & nursery.    

March Prices Paid Index Up 1.4 Percent   

The March Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 131.2, is up 1.4 percent from February 2022 and 13 percent from March 2021. Higher prices in March for complete feeds, diesel, other services, and field crops more than offset lower prices for feeder cattle, other machinery, nitrogen, and repairs.