USDA price indices up in March

Producers made and paid more in March.

The USDA says the index of prices received by farmers and ranchers was up 6.3% from February thanks to gains in corn, milk, broilers, and lettuce, which canceled out losses in calves, strawberries, broccoli, and tomatoes.

The dairy index for March was up 4.9% on the month and 50% on the year, with an all milk price of $25.90 per hundredweight, a jump of $2 from the previous month and $8.60 from a year ago.

The index of prices paid was 1.4% higher, with increases for field crops, diesel, complete feeds, and other services slightly outweighing decreases in feeder cattle, machinery, other repairs, and nitrogen.

Year-to-year, the index of prices received was up 31% and the index of prices paid was 13% higher, with gains in both tied to a stronger ag economy and inflation.

Add Comment

Your email address will not be published.


Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!