Coarse Grain, Total, Producer Price
Coarse Grain, Total, Producer Price
Related_Laws
Laws related to this measure. Correlation = how closely this law tracks this measure's story. Expected causation = how strongly we would expect it to have moved the line. Neither is a claim of proof.
1989CorrelationExpected causationGuaranteed Purchase of Essential Agricultural Products Act
Passed in 1989, this law requires the government to guarantee and announce a minimum purchase price each farming year for staple agricultural products such as wheat, rice, barley, cotton and oilseeds, later extended to raisins, dates, citrus and livestock products, in order to support farm incomes and stabilize production.
Why this link: The framework law's stated scope covers 'basic agricultural products' broadly, giving it a diffuse relevance across the wider agricultural price domain beyond the specific crops directly covered in practice.
Caveat: In practice only a handful of strategic crops (mainly wheat) receive binding guaranteed prices each year; most items in this broad price category are unaffected.
Lag: Variable.2005CorrelationExpected causationAct Adding Two Notes to the Guaranteed Purchase of Essential Agricultural Products Act of 1989
Passed in 2005, this law amends the 1989 Guaranteed Purchase of Essential Agricultural Products Act by requiring the government to raise the guaranteed purchase price of staple crops each farming year by at least the rate of inflation reported by the Central Bank, applied retroactively to the 2004-2005 crop year.
Why this link: The guaranteed-purchase-price regime this law amends covers all 'basic' agricultural crops, not just wheat, so it shapes producer prices across the guaranteed-purchase basket.
Caveat: Coverage and the specific crops included in the guaranteed-purchase list vary by year and are set by separate annual government decisions, so the link to any single crop's price series is indirect.
Lag: Within the same crop year