Farm Input Price Index, fourth quarter 2014
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The Farm Input Price Index edged up 0.1% in the fourth quarter.
Animal production was up 1.7%, mainly because of higher prices for cattle (+9.8%).
Machinery and motor vehicles (-3.0%) partly offset the increase, with lower prices for machinery fuel (-9.6%).
The index rose in four provinces, with British Columbia (+2.4%) and Alberta (+2.0%) posting the largest gains.
At the Canada level, farm input prices rose 6.9% between the fourth quarter of 2013 and the fourth quarter of 2014.
The year-over-year increase was largely attributable to animal production (+19.2%).
Compared with the fourth quarter of 2013, the index was up in every province except Prince Edward Island. Alberta (+13.8%) led the year-over-year increase.
Note to readers
The Farm Input Price Index is an indicator of the change in input costs faced by Canadian farmers. With each release, data for the previous eight quarters may have been revised. The indexes are not seasonally adjusted.
The indexes are available for 13 geographic areas: each of the 10 provinces, Eastern Canada (Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec and Ontario), Western Canada (Manitoba, Saskatchewan, Alberta and British Columbia), and Canada total (excluding the territories).
The Farm Input Price Index for the first quarter will be released in July.
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; email@example.com) or Media Relations (613-951-4636; firstname.lastname@example.org).