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Price and Volume Indicators

The purpose of these statistics is to show actual changes (monthly, quarterly or yearly) in prices and volumes in agriculture to indicate developments in overall economics in agriculture.
A part of the statistics have been calculated since 1956, but since 1976 the most widely definition has been used, which includes horticulture, fur production and products from bees and wild game. Base year in the prices indices is changed every fifth year, and latest base year is 2010.

Statistical presentation

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. Furthermore the volumes are shown for animal products. The statistics covers both agriculture and horticulture.

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Statistical processing

Data for this statistics is collected at different frequencies from multiple sources. The collected data undergoes a simple validation. Once data is validated, aggregation occurs for a portion of data before publication, while other data is published directly.

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Relevance

The statistics is used by the agricultural organizations and the Ministries (primary the Ministry of Environment and Food of Denmark) to follow the price- and volume developments and to make analyses and forecasts. Furthermore, there is a need in the industry to follow price developments. The statistics cover the need primarily to calculate value added needed for the agricultural gross factor income calculation, which is a part of the National account.

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Accuracy and reliability

On some products, i.e. horticultural products, qualities and types are several and dynamic. It makes it a little difficult to be sure on the representatively on the prices followed. Concerning input prices based on general price statistics, the situation in agriculture are maybe not fully reflected. Some indices on volumes are indirectly measured based on values and price indices. This method can lead to inaccuracy. The declaration on content on Economic Account for Agriculture and these on animal production includes more information on possible inaccuracy. Because of the very different picture of sources, margins of statistical errors can not be calculated. However, for main output products, i.e. milk and meat, the coverage and accuracy are close to 100 per cent. Prices on cereals and feeding stuff (concentrates) are based on more that 70 per cent of total volume, which ensure high reliability. In general, the accuracy is highest on sales product and less high on intermediate consumption and goods for capital formation.

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Timeliness and punctuality

The statistic is regarded as punctual.

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Comparability

Not applicable.

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Accessibility and clarity

The statistics are published in "Landbrug, gartneri og skovbrug" (Agriculture) appearing in the series "NYT fra Danmarks Statistik" (Statistical News) and in the annual publications Statistical Yearbook, Statistical Ten-Year Review and "Jordbrugets prisforhold". Results are available in tables in http://www.statbank.dk, on monthly, quarterly and yearly basis: LPRIS10, LPRIS15, LPRIS20, LPRIS25, LPRIS30 and LPRIS35.

The statistics are published quarterly in the series "Nyt fra Danmarks Statistik" (Statistical News). In the Statbank are the data unter the subject Priser og prisindeks for jordbrug.

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