USDA Feb Farm Prices - Mar 31

    WASHINGTON -(Dow Jones)- The index of prices received by U.S. farmers 
for their products in February was +6.3% From January, and +5.6% From 
a year earlier, the U.S. Department of Agriculture said Wednesday. 
 
February Prices Received Index Up 6.3 Percent 
 
The February Prices Received Index 2011 Base (Agricultural Production), at 
95.7, increased 6.3 percent from January and 5.6 percent from February 2020. 
At 98.1, the Crop Production Index was up 11 percent from last month and 
14 percent from the previous year. The Livestock Production Index, at 93.4, 
increased 1.7 percent from January, but decreased 1.4 percent from February 
last year. Producers received higher prices during February for soybeans, 
corn, hogs, and cattle but lower prices for celery, lettuce, milk, and 
tomatoes. In addition to prices, the volume change of commodities marketed 
also influences the indexes. In February, there was increased monthly 
movement for cattle, milk, greenhouse & nursery, and broilers and decreased 
marketing of soybeans, corn, tobacco, and cotton. 
 
February Prices Paid Index Up 1.2 Percent 
 
The February Prices Paid Index for Commodities and Services, Interest, Taxes, 
and Farm Wage Rates (PPITW), at 114.5, is up 1.2 percent from January 2021 
and 3.5 percent from February 2020. Higher prices in February for complete 
feeds, feed grains, feeder pigs, and supplements more than offset lower 
prices for herbicides, insecticides, fungicides & other, and wage rates. 
 
                          Index Summary Table 
========================================================================= 
                      2020           2020           2021           2021 
   Index         -------------------------------------------------------- 
   Group               Jan            Feb            Jan            Feb 
========================================================================= 
 
Prices Received       88.9           90.6           90.0           95.7 
Prices Paid          110.9          110.6          113.1          114.5 
Ratio 1/                80             82             80             83 
========================================================================= 
1/  Ratio of index of prices received by farmers to index of prices paid by 
    farmers. 
Write to Rodney Christian at [e-mail] 
 

(END) Dow Jones Newswires

03-31-21 1525ET