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Farm Product Price Index
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Prices farmers received for their commodities fell 0.9% in March from the same month a year earlier, as the crops index fell, more than offsetting the growth in the total livestock and animal products index.
The total crops index had a 12-month decrease of 18.3%, as prices were down for grains, oilseeds and specialty crops. After the crops index reached the recent high of 155.3 in June 2008, production increases that year partially replenished global stocks, contributing to the decline in the crops index to 124.3 in March 2009.
The prices producers received for livestock and animal products in March were 16.5% higher compared with March 2008, continuing the growth in year-over-year prices since June 2008. A depreciating Canadian dollar relative to its American counterpart helped support higher cattle and hog prices.
The total index (1997=100) increased from 117.2 in February to 117.8 in March. The month-over-month gain was the result of a 2.3% advance in the total livestock and animal products index, which more than offset a 1.1% decline in the crops index.
Note: The growth rate of the total Farm Product Price Index (FPPI) is not a weighted average of the growth rates of its crop and livestock components. The growth rate of the total FPPI is derived from a weighted average of the component indices using a different set of weights in consecutive months. Given this, the growth rate of the composite FPPI can lie outside the growth rate of the components.
Available on CANSIM: tables 002-0021 and 002-0022.
Definitions, data sources and methods: survey number 5040.
The March 2009 issue of Farm Product Price Index, Vol. 9, no. 3 (21-007-X, free), is now available. From the Publications module on our website, under All subjects choose Agriculture.
For more information, or to order data, call Client Services (toll-free 1-800-465-1991). To enquire about the concepts, methods or data quality of this release, contact Gail-Ann Breese (204-983-3445; fax: 204-983-7543; gail-ann.breese@statcan.gc.ca), Agriculture Division.
Table 1
| March 2008r | February 2009r | March 2009p | March 2008 to March 2009 | February to March 2009 | |
|---|---|---|---|---|---|
| (1997=100) | % change | ||||
| Farm Product Price Index | 118.9 | 117.2 | 117.8 | -0.9 | 0.5 |
| Crops | 152.2 | 125.7 | 124.3 | -18.3 | -1.1 |
| Grains | 184.1 | 120.2 | 119.0 | -35.4 | -1.0 |
| Oilseeds | 139.6 | 119.9 | 117.6 | -15.8 | -1.9 |
| Specialty crops | 186.3 | 164.9 | 167.9 | -9.9 | 1.8 |
| Fruit | 121.7 | 156.5 | 151.5 | 24.5 | -3.2 |
| Vegetables | 117.2 | 121.5 | 122.1 | 4.2 | 0.5 |
| Potatoes | 131.1 | 193.5 | 187.9 | 43.3 | -2.9 |
| Livestock and animal products | 95.6 | 108.9 | 111.4 | 16.5 | 2.3 |
| Cattle and calves | 91.7 | 100.6 | 108.2 | 18.0 | 7.6 |
| Hogs | 54.8 | 80.1 | 81.0 | 47.8 | 1.1 |
| Poultry | 106.4 | 113.7 | 116.0 | 9.0 | 2.0 |
| Eggs | 104.3 | 104.0 | 101.9 | -2.3 | -2.0 |
| Dairy | 137.6 | 144.1 | 142.3 | 3.4 | -1.2 |
