World prices on your field, with IMF data
Fertilizer, energy, grain and the exchange rate of your currency move on a world market. The International Monetary Fund tracks those movements every month and makes the figures openly available. FairGrow translates them into what they mean for your farm.
What happens to a world figure
A monthly IMF figure comes in, FairGrow sets it next to your country, your currency and your crop, and it lands in four places you see on your own farm.
Fertilizer at today’s price
The latest Eurostat farm-gate price is often a year old. With the world prices of urea, DAP and potash we bring it up to date for each country, as a suggestion in your cost sheet, with its origin shown below.
A price, even when the market is quiet
Is the latest local price of your grain or oilseed months old? Then the world index of that product group gives a separate estimate. Clearly labelled, and it never counts towards anything.
Past costs at today’s price level
Standard costs from farm accounts of earlier years are brought to today with the inflation of your country, fertilizer with the world index. Every cost item says which figure was used and by how much.
Your country next to your risk profile
Expected inflation, the bank lending rate, climate risk and where your country ranks among all others. Also in the report for your bank. These are country figures, so they do not count towards your score.
The work behind the figures
We do not collect world prices or measure inflation in hundreds of countries. The IMF has done that for decades, and publishes those statistics openly for anyone who wants to work with them.
The International Monetary Fund
The IMF is the organization of 191 countries that monitors the world economy. Its statisticians track the prices of commodities such as fertilizer, oil, gas and grain every month, along with exchange rates and price developments in each country, and also publish figures on climate risk. Anyone can retrieve those figures through the IMF Data portal and an open API.
FairGrow retrieves them once a month and sets them next to what we know about your farm: the country of your fields, the currency you work in and the crops you grow. That turns a world figure into a number you can use. If your farm works in a currency without a daily rate from the European Central Bank, we use the IMF monthly rate.
Attribution: wherever IMF data appears in FairGrow, the IMF is named as the source, with a link to the dataset. Where we calculate with it, we say so next to the result, for example “brought to the price level of 2026-09 with the IMF Consumer Price Index”. FairGrow uses the data under the IMF terms; the IMF is not involved in FairGrow and does not endorse the platform.
A world figure is not a farm figure
An IMF figure is about the world or a country, never about your farm. That is why FairGrow always shows it next to your own data, with its source, and never lets it replace a price or a cost you enter yourself. Other sources in your dashboard include Copernicus for satellite images and NASA POWER for seasonal normals.