January Ag Prices Received Index Up 2.1 Percent; Prices Paid Up 3.4 Percent

January Prices Received Index Up 2.1 Percent  

The January Prices Received Index 2011 Base (Agricultural Production), at 129.4, increased 2.1 percent from December and 16 percent from January 2024. At 88.5, the Crop Production Index was down 4.4 percent from last month and 9.5 percent from the previous year. The Livestock Production Index, at 188.8, increased 9.4 percent from December and 38 percent from January last year. Producers received higher prices during January for market eggs, cattle, milk, and broilers but lower prices for tomatoes, broccoli, lettuce, and cauliflower. In addition to prices, the volume change of commodities marketed also influences the indexes. In January, there was increased monthly movement for soybeans, cattle, corn, and strawberries and decreased marketing of market eggs, grapes, hogs, and cotton.  

January Prices Paid Index Up 3.4 Percent  

The January Prices Paid Index for Commodities and Services, Interest, Taxes, and Farm Wage Rates (PPITW), at 146.7, is up 3.4 percent from December 2024 and 4.9 percent from January 2024. Higher prices in January for feeder cattle, other services, feeder pigs, and taxes more than offset lower prices for interest, hay & forages, concentrates, and nitrogen.