Farm Product Price Index

View the most recent version.

In November, prices farmers received for their commodities rose 4.9 % from November 2009, as both the livestock and animal products index and the crops index increased.

The prices producers received for livestock and animal products in November rose 8.3% compared to November 2009 as increases were recorded in all livestock commodities except poultry. Cattle and calves and hogs, the two largest contributors to the livestock index, have posted year-over-year increases in the last eight and seven months respectively.

Poultry prices have posted year-over-year declines in the last nine months. During this period, feed costs, one of the factors used in establishing producer prices for this supply-managed commodity, also declined.

The prices producers received for crops in November were 1.0 % higher compared with the same month a year earlier, as increases in oilseeds, fruit and vegetables offset declines in grains, potatoes and specialty crops.

In November the overall livestock and animal products index was down 4.6% from October led by decreases in hogs, cattle and poultry. The total crops index fell 0.9% compared with the October index, as potatoes, fruit and grains declined.

Note: The growth rate of the total Farm Product Price Index (FPPI) is derived from a weighted average of the component indices using a different set of weights in consecutive months; it is not a weighted average of the growth rates of its crop and livestock components. Given this, the growth rate of the composite FPPI can lie outside the growth rate of these components.

Available on CANSIM: tables 002-0021 and 002-0022.

Definitions, data sources and methods: survey number 5040.

The November 2010 issue of Farm Product Price Index, Vol. 10, no. 11 (21-007-X, free), is now available from the Key resource module of our website under Publications.

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; gailann.breese@statcan.gc.ca), Agriculture Division.