Canadian farm input price index up 9.7% year-over-year in Q2 driven by 14.2% increase in animal production prices resulting from higher commercial feed costs: Statistics Canada
October 19, 2011
– The Farm Input Price Index increased 1.5% in the second quarter compared with the previous quarter. This increase followed a 4.5% advance between the fourth quarter of 2010 and the first quarter of 2011.
The category that contributed the most to the quarterly increase in Canada was animal production, which rose 2.0%.
Alberta was the largest contributor to the national advance, rising 1.5% in the second quarter.
Between the second quarter of 2010 and the second quarter of 2011, farm input prices in Canada increased by 9.7%. Alberta (+12.4%) was the largest contributor to the advance in farm input prices during this period.
At the Canada level, animal production (+14.2%) was the category with the largest increase between the second quarter of 2010 and the second quarter of 2011. This increase was in large part a result of higher commercial feed prices.