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Farm Prices

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Definition of 'Farm Prices'

The National Agricultural Statistics Service at the United States Department of Agriculture publish the index of prices received by farmers during the last week of every month. Data released is for the same month when this figure is issued. i.e. January's figures are release during the last week in January.

The Farm Prices Index is also known as the Agricultural Prices Index. These are the prices received by the farmers for wholesale sales to first buyers. This includes both crop and livestock. Farm Prices are a leading indicator because a price increase in agricultural produce will lead to an increase in food in general. As such this index is watched for possible inflationary pressure in months to come.

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