word
Farmgate Price
FARM-gayt PRYS
/ˈfɑːrmɡeɪt praɪs/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
farmgateprice
Dictionary meaning
The price received by a farmer for a commodity at the point of production (the farm gate), before transportation, processing, or marketing costs are added; a key indicator of producer income.
Examples
- A collapse in farmgate prices for coffee left thousands of smallholders unable to cover their production costs.
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