The farm gate value of a cultivated product in agriculture or aquaculture is the net value of the product when it leaves the farm, after marketing costs have been subtracted. Since many farms do not have significant marketing costs, it is often understood as the price of the product at which it is sold by the farm (the farm gate price).
The farm gate value is typically lower than the retail price consumers pay in a store as it does not include costs for shipping, handling, storage, marketing, and profit margins of the involved companies.
Famous quotes containing the words farm and/or gate:
“The shifting islands! who would not be willing that his house should be undermined by such a foe! The inhabitant of an island can tell what currents formed the land which he cultivates; and his earth is still being created or destroyed. There before his door, perchance, still empties the stream which brought down the material of his farm ages before, and is still bringing it down or washing it away,—the graceful, gentle robber!”
—Henry David Thoreau (1817–1862)
“Duns at his lordship’s gate began to meet;
And brickdust Moll had screamed through half the street.
The turnkey now his flock returning sees,
Duly let out a-nights to steal for fees:
The watchful bailiffs take their silent stands,
And schoolboys lag with satchels in their hands.”
—Jonathan Swift (1667–1745)