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Thursday, June 2, 2005 Farm Input Price Index2004 (preliminary)The Farm Input Price Index (1992=100) fell 2.3% in 2004 compared with a year earlier to 129.7. The decrease in prices for animal production (-10.6%) was the major factor contributing to this decline. Smaller price decreases were also observed for crop production (-2.3%) and machinery and motor vehicles (-1.1%). Higher prices for building and fencing (+12.6%) and hired farm labour (+4.9%) partly offset this annual decline. The decrease in farm input prices in Western Canada (-4.2%) was much stronger than in Eastern Canada (-1.1%). The effects resulting from the various animal diseases were felt more strongly in the West than in the East. Prices for animal production plunged 14.9% in the West compared to a 6.1% decline in the East. Western farmers also saw prices for crop production fall 5.2% while those in the East saw prices increase 2.1%.
Available on CANSIM: table 328-0014. Definitions, data sources and methods: survey number 2305. For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (613-951-9606; fax: 613-951-1539, infounit@statcan.gc.ca), Prices Division. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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