Understanding price-setting is essential for anyone who produces, buys or sells agricultural products. UVM Extension Farm Viability has just posted a resource sheet that explains how “markups” and “margins” are applied to prices. The “Mark-up and Margins to Set Prices” sheet also provides tables to convert product prices based on common markups and margins we observe in the market place today.
You can view or download the “Mark-up and Margins to set Prices” fact sheet today. Click this link to the Resource Library page and scroll down to find this fact sheet and other resources for farm businesses. http://blog.uvm.edu/farmvia/?page_id=26