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D-provenance Dictionary

Provenance

The proven origin of a product, used to earn a price premium

An open dictionary on a farm office desk
Plain meaning
The proven origin of a product, used to earn a price premium
How to use it
Build a claim about where and how the product was grown, and back it with records. Provenance earns a premium only when it can be proved.
South African benchmark
Karoo lamb and rooibos show provenance turned into price.
Country notes
Applies the same way in all five markets.
Go and read
C8 Lesson 8.2
Calculate it
No calculator; the term is applied in the venture plan narrative.
Library sources
LIB-A124
Value-add steps from raw crop to packed product with rising valueValue-add: each step multiplies what the crop is worthx 1.0Raw cropx 1.3Cleaned and gradedx 2.0Processedx 3.0Packed and brandedIllustrative multipliers: each step also adds cost, skills and equipment.
From Module 8, Value-Add and Processing, where this term is introduced.

Introduced in C8 Value-Add and Processing.