Basic Formula Price (BFP)

Business / Agriculture / Basic Formula Price (BFP): Calculated monthly by USDA, the BFP is the base price for all milk regulated by federal milk marketing orders. Currently, the BFP is based on the preceding month’s average price of Grade B milk paid by processors in Minnesota and Wisconsin, adjusted by current-month changes in the value of certain manufactured dairy products.

Other Words for Basic

Basic Adjective Synonyms: fundamental, essential, key, elementary, underlying, prime, primary, root, principal, central, focal, vital
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Other Words for Formula

Formula Adjective Synonyms: recipe, rubric, formulary, rule(s), prescription, directions, instructions, blueprint, method, technique, means, way, pattern, procedure, modus operandi, MO
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Other Words for Price

Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
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Price Index

Business / Agriculture / Price Index: Current price expressed as a proportion to the same price in an earlier time period, commonly called the base period. Monthly price indexes computed by the National Agricultural Statistics Service are MORE

Price Improvement

Business / Taxes / Price Improvement: Price improvement occurs when you pay less or receive more on a securities transaction than the bid and offer prices being currently quoted. In other words, the price you pay to buy is lower than the MORE

Price Leadership

Business / Finance / Price Leadership: A price charged by the dominant producer that becomes the price adopted by all the other producers. MORE

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