Target Price
Target Price
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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
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See Also
Including similar content viewed by others, in case you missed it: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
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Target price
Spanish: Precio indicativo
French: Prix indicatif
German: Richtpreis
Italian: Prezzo indicativo
Portuguese: Preço indicativo
Polish: Cena docelowa
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
Including similar content viewed by others, in case you missed it:
Market target price
Production target price