The prices received index is an

index Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastru ...

that measures changes in the

price A price is the (usually not negative) quantity of payment or compensation given by one party to another in return for goods or services. In some situations, the price of production has a different name. If the product is a "good" in the c ...

s received for

crops A crop is a plant that can be grown and harvested extensively for profit or subsistence. When the plants of the same kind are cultivated at one place on a large scale, it is called a crop. Most crops are cultivated in agriculture or hydroponics ...

and

livestock Livestock are the domesticated animals raised in an agricultural setting to provide labor and produce diversified products for consumption such as meat, eggs, milk, fur, leather, and wool. The term is sometimes used to refer solely to animals ...

within the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. The

National Agricultural Statistics Service The National Agricultural Statistics Service (NASS) is the statistical branch of the U.S. Department of Agriculture and a principal agency of the U.S. Federal Statistical System. NASS has 12 regional offices throughout the United States and Puer ...

currently publishes the index on a 1990-92 = 100 base. A ratio of the prices received index to the prices paid index on the 1990-92 base that is greater than 100% indicates that farm commodity prices have increased at a faster rate than farm input prices. When the ratio is less than 100%, farm input prices are increasing a more rapid pace than farm commodity prices. The prices received index and the prices paid index are used to calculate the parity ratio.

References

* Agricultural economics Price indices {{Agri-stub

See also

References