USDA worth indices up in March
Producers made and paid extra in March.
The USDA says the index of costs obtained by farmers and ranchers was up 6.3% from February because of positive factors in corn, milk, broilers, and lettuce, which canceled out losses in calves, strawberries, broccoli, and tomatoes.
The dairy index for March was up 4.9% on the month and 50% on the yr, with an all milk worth of $25.90 per hundredweight, a leap of $2 from the earlier month and $8.60 from a yr in the past.
The index of costs paid was 1.4% increased, with will increase for subject crops, diesel, full feeds, and different providers barely outweighing decreases in feeder cattle, equipment, different repairs, and nitrogen.
12 months-to-year, the index of costs obtained was up 31% and the index of costs paid was 13% increased, with positive factors in each tied to a stronger ag financial system and inflation.