Imperfect Competition Yields Profits Beyond the Farm Gate

The purpose of this publication is to look at the other side of the profit equation to explore opportunities for Florida’s small and medium-sized farmers to find ways to improve revenues. We can do this by identifying markets where farmers have some measure of control over how much to charge for their food products. Economists describe markets in which businesses may set their own prices as “imperfectly competitive.” The authors aim to answer these common questions: Why are markets considered imperfect? What does this mean to farmers and buyers? What are the added costs and benefits to farmers who decide to sell into imperfect markets?

This document is FE1151,  a publication of the Food and Resource Economics Department, UF/IFAS Extension. Original publication date July 2024. Visit the EDIS website at https://edis.ifas.ufl.edu for the currently supported version of this publication. © 2024 UF/IFAS. This publication is licensed under CC BY-NC-ND 4.0