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The farm gate value of a cultivated product in agriculture and aquaculture [1] is the market value of a product minus the selling costs (transport costs, marketing costs). [ 2 ] The market value is not the same as the price farmers get for their product, as (if an auction is used), the value they get per weight may be well below the market price.
Using group marketing and a supply management system designed by farmers for farms, National Farmers contracts with processors established floor or minimum prices to take rapid fluctuations out of farm-gate milk prices. The NFO's program involved: getting members to sign a membership agreement that named the NFO as their bargaining agent.
Farmgate sales are most common in the form of either retail outlets in a farm shop, roadside farm stands, or at stands run by farmers at farmers' markets or food fairs. . However, other distribution channels are also used, such as door-to-door sales and distance selling–so-called "box schemes"—where farmers take orders by telephone, mail order, or via the inte
According to The New York Times, if the current Farm Bill expires and the pricing equation reverts to its 1949 standard, the government will pay considerably more for milk.
These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
Supply management attempts to manage production so that supply is in balance with demand, and the farm gate price enables farmers to cover their costs of production, including a return on labour and capital. [8] Each farm owns a number of shares in the market (quota), and is required to increase or decrease production according to consumer demand.
Three suspects accused of breaking into South African President Cyril Ramaphosa's game farm in 2020 and stealing millions of foreign currency in cash will appear in court on Monday, after an ...
The monthly average retail price for a litre of milk in Canada was $2.96 in October 2023, according to Statistics Canada. [123] In February and September 2022, the Canadian Dairy Commission (CDC) raised the farm gate price of milk. [124] The Commission announced an additional increase which would bring the total increase to 10 cents per litre ...