parity ratio

A measure of relative purchasing power of farm products. The ratio between index of prices received by farmers for all farm products and index of prices paid by farmers for commodities and services used in farm production and family living. The parity ratio measures price relationships (prices received and prices paid). It does not measure farm income or farmers’ total purchasing power. It does not reflect farmers’ off-farm income, Government payments, or farmers’ assets.

Authorization Path: 1.2.1.2.12.0