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For more information on this release:
E-mail: agprices@cso.ie Susan O'Connor (+353) 21 4535520 Carmel Hinchion (+353) 21 4535272
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 2009-5694
CSO statistical release, 10 November 2015, 11am

Agricultural Price Indices - Preliminary estimates

2015

 
OutputInput Terms of Trade  
Base year 2010=100  
2014120.9114.7105.4 
2015116.6111.7104.5 
% change-3.5%-2.6%-0.9% 
    

Agricultural output price index down 3.5% in 2015

Agricultural Price Index 2015 - Preliminary estimates Figure 1

Preliminary estimates of the agricultural price indices for 2015 show a 3.5% decrease in output prices from 2014 levels while input prices are estimated to decrease by 2.6%. See Tables 1, 2 and graph.

The projected decrease in the output price index of 3.5% is due mainly to a decrease in milk (-22.7%). See Table 1.

The projected decrease in the input price index of 2.6% is due mainly to decreases in Energy (-10.5%) and Feeding Stuffs (-3.6%). See Table 2.

Agricultural output price indices, 2015/2014 (XLS 48KB)
Percentage Change
Milk-22.7
Cattle11.8
Pigs-7.7
Table 1 Agricultural Output Price Index 2015 - Preliminary estimates  
(excluding VAT)        
      Base Year 2010 = 100
        
Category2010201120122013201420152015/2014
        
        
Agricultural Output Price Index100.0115.2121.1131.7120.9116.6-3.5%
        
Animals100.0117.0130.2133.3123.3132.57.5%
Cattle100.0120.3135.9138.8125.9140.811.8%
Sheep100.0107.9104.1104.8107.5107.80.3%
Pigs100.0109.5121.3127.4121.8112.5-7.7%
Poultry100.0106.1114.2116.4114.0112.1-1.7%
        
Milk100.0114.3104.4127.3121.593.9-22.7%
        
Crop Output100.0109.5129.3138.0108.4110.11.6%
Cereals (including seeds)100.0131.5153.4156.7121.0114.5-5.4%
Potatoes (including seeds)100.069.0119.0158.477.3102.732.9%
Vegetables100.0101.4105.6106.9107.3108.30.9%
        
        
Agricultural input price indices, 2015/2014 (XLS 58KB)
Percentage Change
Seeds -3.0
Energy -10.5
Feeding stuffs -3.6
Table 2 Agricultural Input Price Index 2015 - Preliminary estimates
(excluding VAT)        
     Base Year 2010 = 100
        
Category2010201120122013201420152015/2014
        
        
Agricultural Input Price Index100.0111.1116.4119.7114.7111.7-2.6%
        
Feeding Stuffs100.0116.3125.1135.2122.2117.8-3.6%
Fertilisers100.0123.0126.7126.1121.6122.20.5%
Seeds100.0106.0121.2128.1119.9116.4-3.0%
Energy100.0115.2126.2124.4121.1108.4-10.5%
Plant Protection Products100.097.797.998.999.198.5-0.7%
Veterinary Expenses100.099.6100.3100.3102.5103.71.2%
        
        

Background Notes

Introduction

This release presents preliminary estimates of agricultural 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, who provide the Directorate-General for Agriculture in Brussels with forecasts of the annual EU agricultural price indices for the current year.

 

Methodology

The preliminary annual indices are compiled by using the published monthly indices from January to August, and forecast estimates for September to December. In line with EU recommendations, the annual input sub-indices are calculated as simple arithmetic averages of the monthly indices. The annual output sub-indices are calculated as the weighted averages of the monthly indices. The weights used to combine the changes in prices of the individual commodities are based on the annual 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 overall index numbers.

The agricultural terms of trade index is the output price index expressed as a percentage of the input price index.

 

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.

 

References

Agricultural Price Indices, monthly CSO release.

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