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Canada Farm Product Price Index
OTTAWA - Oct 24/07 - SNS -- Prices farmers received in August remained above year earlier levels, but are still just 4.6% higher on average than values which prevailed during 1997, according to the latest data from Statistics Canada.
The federal agency said farmers saw a sharp rise in grain, oilseed and special crop prices. Prices for the supply-managed commodities of poultry, dairy and eggs also recorded increases.
Prices for crops were up 8.3% in August compared with August 2006, according to the Farm Product Price Index (FPPI), continuing the upward trend in year-over-year price changes that began in September 2006. Farmers received higher prices for grains, oilseeds and special crops.
Overall, prices for livestock and animal products were 2.6% above the year-earlier level. Following five consecutive declines, the livestock and animal products index has increased in the last seven consecutive months. Stronger supply-managed commodity (poultry, eggs and milk) prices supported August's increase.
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