What’s in a Price? Directions:
1. Select an agricultural commodity (i.e., milk).
2. Research and describe how the processing, packaging and marketing of this product affects its price. Compare this to the marketing and pricing of a nonagricultural product.
3. Report your findings in an essay format. For example: Once all contributing parties receive payment for the production of milk, distributors add approximately $1.50 to the price of each gallon in order to make a profit (i.e., farmers labor costs approximately $1.50 per gallon, bottling and delivery costs approximately $0.58 per gallon, supermarkets’ in-store expense approximately $0.40 per gallon).
4. Turn in with packets or via email.
1. Select an agricultural commodity (i.e., milk).
2. Research and describe how the processing, packaging and marketing of this product affects its price. Compare this to the marketing and pricing of a nonagricultural product.
3. Report your findings in an essay format. For example: Once all contributing parties receive payment for the production of milk, distributors add approximately $1.50 to the price of each gallon in order to make a profit (i.e., farmers labor costs approximately $1.50 per gallon, bottling and delivery costs approximately $0.58 per gallon, supermarkets’ in-store expense approximately $0.40 per gallon).
4. Turn in with packets or via email.