February Ag Prices Received Index Up 1.7 Percent, Prices Paid Unchanged

February Prices Received Index Up 1.7 Percent 

The February Prices Received Index 2011 Base (Agricultural Production), at 126.7, increased 1.7 percent from January and 5.7 percent from February 2022. At 120.7, the Crop Production Index was up 2.3 percent from last month and 5.6 percent from the previous year. The Livestock Production Index, at 133.3, decreased 2.3 percent from January, but increased 5.6 percent from February last year. Producers received higher prices during February for soybeans, corn, cattle, and cauliflower but lower prices for market eggs, milk, celery, 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 corn, soybeans, wheat, and tobacco. 

February Prices Paid Index Unchanged 

The February Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 138.9, is unchanged from January 2023 but up 5.2 percent from February 2022. Lower prices in February for nitrogen, diesel, supplements, and other machinery offset higher prices for feeder cattle, concentrates, feed grains, and other services.