Description
Return each quantity*price, their sum and imputed value/total.
Agricultural economic summaries distinguish physical quantities, per-area yields, prices, covariance and index weights. One revenue or weighted-price contribution is not a complete index, profit account or estimated demand response. Nominal and imputed values require a consistent currency, quantity and period basis.
Return each quantity*price, their sum and imputed value/total.
When to use this tool
Use Farm Output Value Own Consumption Share when checking the stated supplied value, index-weight or economic-response contribution.
How to use the tool and how it works
- Enter soldQuantity, ownQuantity, salePrice, imputedOwnPrice. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read cashValue, imputedValue, totalValue, ownValueShare. Use the output convention below.
Require nonnegative sold/own quantities and sale/imputed prices with positive combined value. Return each quantity*price, their sum and imputed value/total.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| soldQuantity | Sold Quantity | Required. Finite number; minimum 0. |
| ownQuantity | Own Quantity | Required. Finite number; minimum 0. |
| salePrice | Sale Price | Required. Finite number; minimum 0. |
| imputedOwnPrice | Imputed Own Price | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| cashValue | Cash Value | Required. Finite number. |
| imputedValue | Imputed Value | Required. Finite number. |
| totalValue | Total Value | Required. Finite number. |
| ownValueShare | Imputed own-use value/total value; not the physical own-use quantity share. | Required. Finite number. |
{
"input": {
"soldQuantity": 80,
"ownQuantity": 20,
"salePrice": 2,
"imputedOwnPrice": 2
},
"output": {
"cashValue": 160,
"imputedValue": 40,
"totalValue": 200,
"ownValueShare": 0.2
}
}Limitations and assumptions
- Own-consumption value is imputed rather than cash income; the supplied valuation convention does not establish market value or profit.
- 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 verified farm/market data and a complete appropriate accounting or statistical model for economic estimates and decisions.
References
Similar or alternative tools
- Crop Yield Price Weight Gap
Return sum(yield*area*price) and subtract supplied referenceRevenue.
- Crop Yield Price One Sensitivity Term
Return their product, area*yield as priceDerivative and area*price as yieldDerivative.