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Development of Farmer Exchange Rates And Grain Producer Prices February 2020

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Release Date	:	March 2, 2020
File Size	:	0.54 MB

Abstract

From January 2020 there will be a change in the base year calculation of Price Index Received by Farmers (It) and Farmer's Paid Price Index (Ib) from the base year 2012 = 100 to be the base year 2018 = 100. Second type of index these are important components in the calculation Farmer Exchange Rate (NTP). Changes to this base year were made to adjust changes in production patterns, costs production, and consumption of agricultural households in rural areas. In the base year 2018 = 100 there was an increase in coverage the number of commodities both in the It and Ib commodity packages compared to base year 2012 = 100.

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