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Food Industries, Business Statistics
Simone Thun
+45 51 36 92 51

SIT@dst.dk

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Prices and price index for agriculture

The Statistics contains for almost all items, monthly, quarterly and yearly information of agricultural prices, as well on sale products as on most products used in the intermediate consumption including capital formation. Some prices are only obtainable as price indices only, especially regarding intermediate consumption. The statistics covers both agriculture and horticulture.

Data description

The statistics consist partly of a series of actual prices and partly of indices. Indices for individual products are combined into sub-indices as well as an overall index for sales products and an overall index for consumption in production, as well as fixed investment goods in agriculture. Indices are calculated based on a base year, which is replaced every 5 years. The current base year for the indices is 2020=100.

The statistics follow largely the same product groups as in the calculation of economic accounts for agriculture, except for secondary products, machine station services, and indirect bank costs. Conversely - and quite significantly - the statistics include the development of prices for investment goods in agriculture, i.e., machinery, equipment, buildings, and land improvements.

The measurement point for information is at the delivery of sales products from the farm (ex-farm) and at the arrival of consumption goods at the farm (to-farm). Thus, these are prices for goods picked up or delivered at the farm.

The purpose of the statistics is to illustrate current shifts in primary agriculture prices as an indication of the development of the agricultural economy.

Classification system

The cluster followed is the main branch 01, Agriculture, hunting, forestry and fishing. For more details see Dansk Branchekode DB07.

Sector coverage

Agriculture and Horticulture.

Statistical concepts and definitions

Off farm:

On site (farm):

Investment goods in agriculture:

Statistical unit

The units in the statistics are the products sold by the primary producers and the products and services purchased by the producers. Sales products are calculated in 100 kg (eg cereals, vegetables, meat) and par. or 100 pcs. (eg piglets and potted plants). Furthermore, on the cost side 100 kWh (el) and 1000 l (oil).

Statistical population

The population consists of the goods and services that the primary producers sell and buy.

Reference area

Denmark.

Time coverage

The statistics cover the period from 2005 and above the monthly prices for selected agricultural products, 2010 for monthly prices for houseplants, while the index is from 2010 and above quarterly and annual index. Older data is aqvailable and can be found in closed tables in the statistics stat bank. In addition, there are data in the publication Landbrugsstatistik .

Base period

Base year is changing every 5 years. Up until 2023, 2015 was used as base year (2015=100). From 2024, the base year is 2020=100.

Unit of measure

Monthly prices are expressed in absolute values, i.e. crowns (DKK). For quarters, there are indices. Prices are without VAT.

Reference period

Calendar month, quarter and calendar year.

Frequency of dissemination

Monthly, quarterly and annually.

Legal acts and other agreements

The right to collect data can be found in the Law on Statistics Denmark § 1, cf. Consolidated Act no. 1189 of 21 December 1992 with the changes imposed by § 1 of the Law no. 295 of 2 May 2000.

The basis for collecting price information in the field of agriculture is the overall EU Council Regulation on national accounts statistics and regulations relating to production information and calculation of the economy of the agricultural sector, in particular the act on Economic Account for Agriculture (2004/138) and legal acts on animal production. A common manual about the quarterly prices indices and also absolute prices, "Agricultural Prices and Indices", is developed in Eurostat.

Cost and burden

Since there are very different types of alerts, some of them via agricultural organizations, and there is no overall reporting burden. Some of the sources for Prices and Price Indices for Agriculture are collected for other statistics.

Comment

Further information can be found at the Price and indices for agriculture for these statistics, or by contacting Statistics Denmark directly.