The difference between total consumer expenditure for a specific commodity (say beef) and what farmers receive...
The difference between total consumer expenditure for a specific commodity (say beef) and what farmers receive for an equivalent amount of that commodity is referred to as:
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The food marketing bill |
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The food marketing margin |
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Farm to retail price spread |
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The food bill |
The difference between total consumer expenditure for all food produced domestically and the farm price (prices farmers receive) for equivalent products is referred to as:
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The food marketing bill |
||
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The food marketing margin |
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|
Farm to retail price spread |
||
|
The food price |
Homework Answers
1: Farm to retail price spread
This represents the difference between the farm price of a product and the retail price of the product. Food marketing bill is the total consumer expense. Food marketing margin is the difference between what the company charges and what the consumer pays. Food bill is the amount actually spent on food.
2: Farm to retail price spread
This represents the margin between the farm price of a product and the retail price of the product. Food marketing bill is the total consumer expense. Food marketing margin is the difference between what the company charges and what the consumer pays. Food bill is the amount actually spent on food.
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