Farm Input Price Index, first quarter 2012

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The Farm Input Price Index rose 2.6% in the first quarter, following a 1.5% increase in the fourth quarter.

Crop production (+5.5%) contributed the most to the quarterly movement of the index, with the overall increase offset by decreases in building costs (-0.3%).

The index increased in all provinces during the first quarter with Alberta (+3.0%) and Saskatchewan (+3.8%) contributing the most to the national growth. Cattle costs contributed the most to higher prices in Alberta (+7.9%), while crop production costs drove the increase in Saskatchewan (+9.0%).

Nationally, farm input prices increased 6.1% between the first quarter of 2011 and the first quarter of 2012.

All main components of the index showed an annual increase, with animal production (+8.5%), crop production (+8.8%) and machinery and motor vehicles (+5.5%) contributing the most.

Higher annual animal production costs were primarily the result of cattle prices rising 17.2% since the first quarter of 2011.

Year over year, the Farm Input Price Index increased in all regions across Canada, with Alberta (+7.6%) and Ontario (+5.6%) contributing the most to the advance of the index.

Note to readers

For more information about the methodology, go to the "Definitions, data sources and methods" section by clicking survey number 2305, which appears below.

Table 1

Farm Input Price Index, by component, Canada – Not seasonally adjusted

Table 2

Farm Input Price Index, total, by region – Not seasonally adjusted

Available without charge in CANSIM: table CANSIM table328-0015.

Definitions, data sources and methods: survey number survey number2305.

For more information, or to enquire about the concepts, methods or data quality of this release, contact Statistics Canada's National Contact Centre (toll-free 1-800-263-1136; 613-951-8116; infostats@statcan.gc.ca) or the Media Hotline (613-951-4636; statcan.mediahotline-ligneinfomedias.statcan@canada.ca).