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:
“I farm a pasture where the boulders lie
As touching as a basketful of eggs....”
—Robert Frost (1874–1963)
“Pale Death beats equally at the poor man’s gate and at the palaces of kings.”
—Horace [Quintus Horatius Flaccus] (65–8 B.C.)