Famine

IPC phase 5. Households have an extreme lack of food and/or other basic needs even after full employment of coping strategies. Starvation, death, destitution, and extremely critical acute malnutrition levels are evident. For Famine Classification, an area needs to have extreme critical levels of acute malnutrition and mortality.

See International Phase Classification (IPC).

Farm gate

At or near the farm or location of production. Usually, but not always, the place where a commodity is first exchanged. Farmers can also bring their produce to assembly, wholesale and even retail markets.

Farm gate price

The price that the farmer or producer receives at the farm or location of production. It is the price of the product available at the farm, excluding any marketing costs or transport and delivery charges.

Food balance sheet

Also, FBS

Presents a comprehensive picture of the pattern of a country's food supply during a specified reference period. A food balance sheet shows the sources of supply and utilization for each food item.

Food item

Each primary commodity and a number of processed commodities potentially available for human consumption.

Food price index

A price index where only food items appearing in the consumer basket are included in the calculation of the index.

Food security

Also, FS

Food and nutrition security is achieved when adequate, safe, and nutritious food is available, accessible to, and well utilized by all individuals at all times to support a healthy and productive life.

Food security conditions

The context with regard to external circumstances and influences related to food security; includes the variables, causal factors, and drivers of food security. Food security conditions are different from food security outcomes. Outcomes refer to the final situation faced by households or areas once all conditions and responses have been analyzed. For example, food security conditions may describe seasonal progress, food prices, and labor demand, while food security outcomes describe whether households are able to access and utilize the food needed for a healthy life.

Food security outcomes

The net result of changes in household incomes and food access plus the effect of response by households, governments, or other actors in terms of food consumption, livelihoods maintenance, nutritional status, and mortality risk. Outcomes can be positive or negative. A description of food security outcomes should explain who is food insecure (e.g., what population or wealth group; the size of the food insecure population), and the expected duration and severity of food insecurity.

Forecast skill

Skill is measured by calculating the difference between a model forecast and observed conditions. An acceptable threshold of skill is chosen by a person responsible for running a model. The threshold for skill is subjective. Model runs exceeding the defined threshold of skill are considered to have skill and are therefore reliable for predicting the climate.

Foreign exchange premium

Also, FXP

The percentage that the Official Exchange Rate (OER) overvalues the local currency.

Formal trade

Typically large quantities transported by road, rail or ship which are inspected, taxed and reported in official statistics. Formal trade is typical legal trade.

Free on board

Also, FOB

The price of a commodity loaded on board a carrier at the port of exit.