January Agriculture Prices Received Index Down 9.7 Percent, Prices Paid Up 0.9 Percent

January Prices Received Index Down 9.7 Percent 

The January Prices Received Index 2011 Base (Agricultural Production), at 124.6, decreased 9.7 percent from December but increased 11 percent from January 2022. At 118.1, the Crop Production Index was down 8.3 percent from last month but up 13 percent from the previous year. The Livestock Production Index, at 136.3, decreased 9.7 percent from December, but increased 9.7 percent from January last year. Producers received lower prices during January for market eggs, lettuce, milk, and broccoli, but higher prices for cattle, oranges, corn, and apples. In addition to prices, the volume change of commodities marketed also influences the indexes. In January, there was decreased marketing of milk, market eggs, cattle, and grapes and increased monthly movement for corn, soybeans, wheat, and strawberries. 

January Prices Paid Index Up 0.9 Percent 

The January Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.0, is up 0.9 percent from December 2022 and 7.0 percent from January 2022. Higher prices in January for interest, feeder pigs, taxes, and feeder cattle more than offset lower prices for nitrogen, diesel, hay & forages, and other machinery.