A value that will purchase a definite quantity, weight, or other measures of a good or service. As the consideration given in exchange for transfer of ownership, price forms the essential basis of commercial transactions. It can also be said a ratio of exchange between a quantity of money and a quantity of a commodity. The money needed to exchange a unit of good or service is called the price of that good or service. Price is determined by what a buyer is willing to pay, a seller is willing to accept and the competition is allowing to be charged.
The price of an agricultural product is the exchange value of the agricultural product measured in terms of money. Thus the price of an agricultural commodity refers to the want satisfying power of the commodity expressed in terms of money. The set of prices of al agricultural commodities is termed as agricultural prices.
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Important Agricultural Websites
Online Agricultural Study
Food and Agricultural Organization
United States Department of Agriculture