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  • Ifa 2022-4

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    Hajar Hadis
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    The document discusses whether agricultural prices are really high. It presents data showing that while the global input price index for farmers is rising rapidly, the farm gate price index, when adjusted for inflation, is low and falling, not high and rising as commonly believed. Specifically, real prices received by farmers have declined when accounting for increases in input costs such as energy, feed, fertilizers, seeds, and pesticides. Therefore, the aggregate data suggests that input prices for farmers are increasing significantly while prices received by farmers have not kept pace with inflation.

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    IFA 2022-4

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    The document discusses whether agricultural prices are really high. It presents data showing that while the global input price index for farmers is rising rapidly, the farm gate price index, when adjusted for inflation, is low and falling, not high and rising as commonly believed. Specifically, real prices received by farmers have declined when accounting for increases in input costs such as energy, feed, fertilizers, seeds, and pesticides. Therefore, the aggregate data suggests that input prices for farmers are increasing significantly while prices received by farmers have not kept pace with inflation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views5 pages

    Ifa 2022-4

    Uploaded by

    Hajar Hadis
    The document discusses whether agricultural prices are really high. It presents data showing that while the global input price index for farmers is rising rapidly, the farm gate price index, when adjusted for inflation, is low and falling, not high and rising as commonly believed. Specifically, real prices received by farmers have declined when accounting for increases in input costs such as energy, feed, fertilizers, seeds, and pesticides. Therefore, the aggregate data suggests that input prices for farmers are increasing significantly while prices received by farmers have not kept pace with inflation.

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    © All Rights Reserved
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    of 5

    ARE AGRICULTURAL PRICES REALLY HIGH?

    Josef Schmidhuber
    FAO
    The aggregate cost picture: facing a rapidly rising global input price index (GIPI)

    FFPI GIPI GIPI (net)


    210

    190

    170
    Index points (2014-16=100)

    150

    130

    110

    90

    70

    50
    Real prices for farmers are low and falling, not high and rising

    FFPI FFPI, MUV-deflated FFPI, GIPI (net)-deflated


    180

    160
    Index points (2014-16=100)

    140

    120

    100

    80

    60

    40
    THANKS

    Josef Schmidhuber
    FAO
    Input prices for farmers are rising, massively and rapidly

    Energy EnergyFeeds Feed Fertilizers


    Fertilizer SeedsSeed Pesticides
    Pesticides FFPI
    250
    250
    230
    230
    210
    210
    (2014-16=100)
    points (2014-16=100)

    190
    190
    170
    170
    150
    150
    Index points

    130
    130
    Index

    110
    110
    90
    90

    70
    70

    50
    50

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