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For more information on this release:
E-mail: agprices@cso.ie Susan O'Connor (+353) 21 453 5520 Carmel Hinchion (+353) 21 453 5272
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5163
CSO statistical release, 11 November 2014, 11am

Agricultural Price Indices

September 2014

 OutputInputTerms of Trade
 Base year 2010=100
August 2014117.6116.1101.2
September 2014114.7114.6100.1
% Change-2.5%-1.3%-1.1%

Agricultural output price index down 2.5% in September 2014

Agricultural Price Indices September 2014 Figure 1

The agricultural output price index decreased by 2.5% in September 2014 compared with August 2014. The agricultural input price index was down 1.3% over the same period. Thus, the resulting terms of trade index decreased by 1.1% in September 2014. See Tables 1, 2 and graph.

On an annual basis, the agricultural output price index in September 2014 was 11.6% lower than in September 2013. The agricultural input price index was down 3.5% in September 2014 compared with September 2013.

 

Table 1 Agricultural Output Price Index (excluding VAT)            
              Base Year 2010 = 100
CategoryIndexMonthly ChangeAnnual Change 
Sep-13Oct-13Nov-13Dec-13Jan-14Feb-14Mar-14Apr-14May-14Jun-14Jul-14Aug-14Sep-14Sep-14 / Aug-14Sep-14 / Sep-13 
 
   
Agricultural Output Price Index129.7130.3129.9130.5129.4126.6125.4124.9124.5123.1120.2117.6¹114.7-2.5%-11.6% 
                
  Crop Output126.6120.6114.9113.7111.5110.3109.0108.7108.3110.4113.8102.3¹110.07.5%-13.1% 
                 
    Cereals (including seeds)127.3127.3127.3127.3127.3127.3127.3127.3127.3127.3127.3112.2¹112.20.0%-11.9% 
    Vegetables108.8108.8108.8108.3104.4103.4103.7105.2106.5109.3110.2110.8110.2..1.3% 
    Potatoes (including seeds)164.9129.695.689.685.680.872.467.161.767.886.156.7103.8..-37.1% 
                
  Animal Output130.1131.6131.8132.7131.7128.8127.5127.0126.6124.8121.0119.6115.3-3.6%-11.4% 
                 
    Animals129.3129.7128.6127.9126.3123.9123.5125.7127.9125.1123.1120.8¹119.8-0.9%-7.3% 
        Cattle133.8133.3132.0131.4131.1127.8126.7127.5129.4124.8123.8122.4122.0-0.4%-8.8% 
            Cattle excluding calves132.9132.3131.2130.6130.8128.3127.0127.6129.4124.6123.4121.5120.6-0.7%-9.2% 
            Calves198.6212.0188.2185.8156.692.9100.6123.9129.6142.3157.5195.8221.2..11.4% 
        Pigs128.0133.1131.6127.4120.6118.1116.0122.0128.4132.8132.9126.7¹122.3-3.5%-4.4% 
        Sheep98.297.498.8103.398.7102.1112.2124.4122.7121.3103.699.598.7..0.5% 
        Poultry116.8116.8117.0117.0116.6116.6117.2113.2113.2113.3113.2113.2113.50.2%-2.8% 
                
     Animal Products131.2134.4136.6140.0139.9136.2133.6129.0124.8124.3117.9117.6¹108.4-7.8%-17.4% 
        Milk131.4134.8137.0140.5140.4136.7134.0129.2124.9124.4117.8117.5108.1-8.0%-17.8% 
        Eggs118.6117.9117.9117.9117.9115.3115.3115.3115.3114.9114.6113.6¹112.2-1.2%-5.4% 
        Wool160.8160.8160.8160.8160.8160.8160.8160.8169.1169.1169.1169.1169.10.0%5.1% 
                 
.. Comparison not valid as different basket of products are included each month.          
¹Revised      
Table 2 Agricultural Input Price Index (excluding VAT)           
              Base Year 2010 = 100
CategoryIndexMonthly ChangeAnnual Change 
Jun-14Jul-14Aug-14Sep-14Oct-14Nov-14Dec-14Jan-15Feb-15Mar-15Apr-15May-15Jun-15Jun-15 / May-15Jun-15 / Jun-14 
 
                 
Agricultural Input Price Index115.7116.0115.8114.3112.6112.0111.6111.0111.4112.3112.7113.2112.7-0.5%-2.6% 
                 
Seeds118.4118.4118.4118.4117.7117.7117.7117.7117.7116.1116.1116.1116.10.0%-2.0% 
                 
Energy122.1123.4122.6122.2120.6118.0113.0104.9106.3110.2110.2113.2113.0-0.2%-7.4% 
    Electricity129.4129.4129.4129.4132.4130.8130.8130.8130.8130.4129.8129.8129.80.0%0.3% 
    Motor Fuels120.8122.5121.6121.0118.1115.1108.697.999.7104.9105.0109.0108.8-0.3%-10.0% 
    Lubricants107.0107.8107.5107.7107.0107.4107.5107.3107.6107.7107.9108.1108.10.0%1.1% 
                 
Fertilisers122.6121.7120.7120.9120.9121.5121.9122.5123.7124.2124.9125.2123.1-1.7%0.4% 
    Straight Fertilisers127.0126.0124.4124.6124.3125.1125.6126.5128.2129.0129.8130.2127.3-2.2%0.3% 
    Compound Fertilisers120.8119.8118.8119.1119.3119.8120.1120.6121.4121.7122.4122.7121.0-1.4%0.1% 
        PK Fertilisers106.5106.0105.8104.4104.5104.7104.5105.5104.8105.1105.0105.6105.4-0.2%-1.0% 
        NPK Fertilisers121.1120.1119.1119.4119.6120.1120.4120.9121.7122.0122.8123.1121.3-1.4%0.2% 
    Other Fertilisers99.999.9104.4104.4104.4104.4104.4104.4104.4104.4104.4104.4104.40.0%4.5% 
                 
Plant Protection Products99.199.199.199.199.199.199.199.199.199.399.298.498.40.0%-0.7% 
                  
Veterinary Expenses102.5102.5102.5102.5102.5102.5102.5103.7103.7103.7103.7103.7103.70.0%1.2% 
                  
Feeding Stuffs124.3¹125.2¹125.2¹120.8¹116.5¹115.5¹116.2¹116.6¹116.4¹117.1¹117.7¹ 118.0¹ 117.3¹-0.6%-5.6% 
    Straight Feeding Stuffs118.8¹118.4¹116.9¹107.1¹104.0¹104.2¹106.3¹108.7¹108.0¹108.8¹109.3¹ 108.7¹ 108.2¹-0.5%-8.9% 
    Compound Feeding Stuffs124.9¹125.9¹126.1¹122.3¹117.9¹116.7¹117.2¹117.5¹117.3¹117.9¹118.6¹ 119.0¹ 118.3¹-0.6%-5.3% 
        Feeding Stuffs for Calves127.9¹129.5¹129.5¹119.5¹111.6¹111.6¹112.8¹116.5¹117.8¹118.8¹120.5¹ 120.8¹ 118.6¹-1.8%-7.3% 
        Feeding Stuffs for Cattle excl. Calves124.0¹125.8¹125.8¹122.5¹115.1¹112.9¹112.9¹113.3¹113.0¹114.1¹114.8¹ 115.6¹ 114.5¹-0.9%-7.6% 
        Feeding Stuffs for Pigs132.1¹132.1¹132.0¹126.6¹126.6¹126.6¹131.6¹130.4¹130.4¹130.4¹127.7¹ 127.7¹ 127.2¹-0.4%-3.6% 
        Feeding Stuffs for Poultry121.2¹121.8¹122.5¹120.1¹120.1¹120.1¹118.4¹118.8¹118.0¹118.2¹121.4¹ 121.4¹ 121.4¹0.0%0.1% 
        Other Compound Feeding Stuffs120.8¹119.9¹119.9¹115.9¹111.5¹111.5¹109.7¹109.8¹111.9¹112.6¹113.0¹ 113.4¹ 113.3¹-0.1%-6.2% 
            
Maintenance of Materials and Buildings98.598.598.498.698.698.198.198.198.298.498.498.298.40.1%-0.1% 
Other Goods and Services105.2105.2105.7105.8106.2106.3106.4106.8107.6108.7108.9109.2109.2-0.0%3.8% 
                
¹ Provisional  
 

Background Notes

Introduction

This release presents estimates of Agricultural Output and Input Price Indices. The indices monitor trends in prices paid to farmers for their produce and in prices paid by farmers for purchases of goods and services. An EU harmonised methodology is used to compile these price indices. The estimates are also sent to Eurostat, the Statistical Office of the European Union.

Methodology

The agricultural output price indices are intended to measure trends in the price of agricultural produce sold by farmers. The agricultural input price indices are designed to measure trends in the price of farm inputs purchased for current consumption (i.e. non-capital materials and services). Both indices are compiled on the average farm concept. The average farm concept includes both sales to other economic sectors as well as sales/purchases of agricultural output between agricultural units for intermediate consumption purposes, excluding trade in animals between agricultural units. The weights used to combine the changes in prices of the individual commodities are based on the value of sales off farms and the expenditure by farmers on input purchases for the base year for the output and input indices respectively. The Laspeyres index formula, involving the use of fixed base year weights, has been used in the compilation of the monthly index numbers for all commodity groupings except vegetables, potatoes and sheep. Because of the highly seasonal nature of vegetables, potatoes and sheep, variable monthly baskets of products are priced for these commodities.

Monthly price series are used except for seasonal products where prices are only available at certain times during the year. In these cases, the monthly prices returned during the last selling period are continued unchanged until the product can be priced again. The monthly sub-indices are weighted by the base year value of sales and the expenditure on farm inputs to derive overall monthly total output and total input indices respectively. In line with EU recommendations, the annual input indices are calculated as simple arithmetic averages of the monthly indices. The annual output indices are calculated as the weighted averages of the monthly indices.

The agricultural terms of trade index is the output price index expressed as a percentage of the input price index. All percentage changes have been calculated on actual figures before the index is rounded to one decimal place.

Price Coverage

The actual prices used for the index series are based on the market price without the deduction of bonuses, taxes or levies with the exception of deductible value added tax and third party levies. Standardised prices are used for milk and cereals to ensure that products of identical quality are priced in successive periods. In the case of milk for manufacturing, this means pricing at a fixed butterfat and protein content.  Standardised cereal prices are based on the harvest price at 20% moisture content.

Data Sources

The indices are compiled from a wide variety of sources, including direct CSO surveys and administrative data from the Department of Agriculture, Food and the Marine.  The actual sources are described more fully in the Agricultural Price Indices - Introduction of New Series to Base Year 2010 = 100 published by the CSO on the 18th February 2014.

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