March Agricultural Prices Received Index Up 1.3 Percent , Prices Paid Index Unchanged

March Prices Received Index Up 1.3 Percent   

The March Prices Received Index 2011 Base (Agricultural Production), at 128.4, increased 1.3 percent from February and 1.0 percent from March 2022. At 118.9, the Crop Production Index was down 1.5 percent from last month and 1.4 percent from the previous year. The Livestock Production Index, at 138.3, increased 3.8 percent from February and 3.3 percent from March last year. Producers received higher prices during March for broilers, cattle, market eggs, and hogs but lower prices for corn, milk, oranges, and soybeans. 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 soybeans, apples, cotton, and hay.    

March Prices Paid Index Unchanged   

The March Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 139.8, is unchanged from February 2023 but up 3.6 percent from March 2022. Lower prices in March for nitrogen, other services, complete feeds, and diesel offset higher prices for feeder cattle, repairs, feeder pigs, and other machinery.