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Farm-level prices have declined from recent highs

Farm-level prices have declined from recent highs
Although prices for agricultural commodities frequently vary from year to year, they have generally moved higher in the past decade. In these aggregate measures, nominal prices for crops were up more than 70 percent above their 2005 levels, while those for livestock rose over 75 percent from 2006 to 2014. Prices for both crops and livestock fell in 2015, however, as U.S. and global markets responded to higher prices by increasing production. 

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Last updated: Friday, April 01, 2016

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