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Internal Management Memoranda

EFFECTIVE DATE: December 1, 1993

INTERNAL MANAGEMENT MEMORANDUM NUMBER: 6C1-6.40-7 (Revised)

SUBJECT: IFAS; Pricing Policy, Incidental Sales

1. Acquisition, management, and disposal of the produce of farm and ranch recognizes first that the mission of IFAS is research and education -- not production agriculture. Therefore, sales of the by-products of research (animals, poultry, fruits, vegetables, timber, etc.) must satisfy three objectives:
   1. Enhance or avoid detriment to the research program.

   2. Provide the best possible return on investment of money and time consistent with program needs.

   3. Use verifiable and defensible pricing.

2. Adhering to this basic philosophy will generally result in an appropriate method of disposal. However, bearing in mind that the product is state property and if it is entered into the public marketing sector disposal should, to the extent practical, be aligned with the following priorities:
   1. Bidding.

   2. Public Auction.

   3. Cooperative Marketing Association.

   4. Public Market.

   5. National Marketing Pricing Schedules.

3. Quality of the product method of processing or preparation and delivery should determine whether a wholesale or a retail price is appropriate.

4. If a discretionary decision is made that the resources required to harvest and/or market the by-product exceed the market value, the by-product may be abandoned.