Target Price

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Target Price

Summary of Target Price

An important concept within the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. It represents an optimum wholesale price within the community for a given commodity. In devising this optimum price, the EEC must regard the income requirements of farmers, consumer needs, and world market prices. When a commodity price falls below the target price the EEC intervenes to purchase surpluses to return the market price to the target.

Shortages of a given commodity may sometimes occur in some parts of the community while supplies are adequate elsewhere. Under such circumstances, the target price in the area of shortage will be reduced by the cost of transport from areas of plenty, to encourage adequate distribution of supplies.

(Main Author: William J. Miller)

Target Price and International Trade

Resources

See Also

Common Agricultural Policy

Hierarchical Display of Target price

Finance > Prices > Farm prices
European Union > EU finance > Financing of the EU budget > Own resources > Agricultural levy

Target price

Concept of Target price

See the dictionary definition of Target price.

Characteristics of Target price

Resources

Translation of Target price

Thesaurus of Target price

Finance > Prices > Farm prices > Target price
European Union > EU finance > Financing of the EU budget > Own resources > Agricultural levy > Target price

See also

  • Market target price
  • Production target price

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