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base price |
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base´ price` (bās´ prīs`)
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Because revenue-based plans such as Revenue Assurance and Crop Revenue Coverage offer both a base price and a harvest time price, they provide protection against not only a crop failure, but also the market moving against a hedge or forward contract through the growing season, allowing producers to feel comfortable pricing up to their guarantee prior to harvest. At this point, most traders would welcome a return to a fundamental focus as that would give them something solid on which to base price action. Order forms are available at the ASB office, and the price of the newly designed jackets have a base price of $120. |
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