Description
Return wetPrice/dryFraction and that dry-equivalent price minus reference.
Farm economic comparisons depend on fixed/variable costs, opportunity-cost assumptions, depreciation, discount periods and explicit payment limits. A partial margin or finite-difference response differs from total profitability or an optimization-derived shadow price. Supplied rates and tax flags do not determine actual obligations.
Return wetPrice/dryFraction and that dry-equivalent price minus reference.
When to use this tool
Use Crop Residue Price Basis Gap when checking the stated caller-defined cost, margin, cap, valuation or sensitivity term.
How to use the tool and how it works
- Enter wetPrice, dryFraction, dryBasisReference. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read dryEquivalent, gap. Use the output convention below.
Require nonnegative wet-price and dry-basis reference with dryFraction in (0,1]. Return wetPrice/dryFraction and that dry-equivalent price minus reference.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| wetPrice | Currency per wet material mass unit; divide by dryFraction to report per dry mass. | Required. Finite number; minimum 0. |
| dryFraction | Dry Fraction Unit: 1. | Required. Finite number; maximum 1; strictly above 0. |
| dryBasisReference | Dry Basis Reference | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| dryEquivalent | Dry Equivalent | Required. Finite number. |
| gap | Gap | Required. Finite number. |
{
"input": {
"wetPrice": 20,
"dryFraction": 0.5,
"dryBasisReference": 35
},
"output": {
"dryEquivalent": 40,
"gap": 5
}
}Limitations and assumptions
- Price is per wet mass before conversion; moisture, quality, transport and market conventions are supplied rather than assessed.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Use a complete verified budget and suitable economic analysis; consult qualified financial/legal professionals for actual investment, contract or tax decisions.
References
Similar or alternative tools
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