Living Income Reference Price (LIRP)
Fairtrade has developed a holistic price discovery model for establishing Living Income Reference Prices (LIRP), which constitutes an integral part of its Living Income strategy. A LIRP indicates the price needed for a full-time farmer with a sustainable productivity level to earn a living income. A living income is sufficient income to afford a decent standard of living for the household members, including a nutritious diet, decent housing, education, health care, other essential needs and a provision for unexpected events.
GPM have developed the interactive online platform for this critical initiative in partnership with the Global Service Development team at Fairtrade International.