I have food supplies; is it obligatory for me to pay zakah, and how is that done and what is the amount?

Question:
A message reached the program from one of the listeners. He says: I have food supplies, and some people told me that it is obligatory for me to pay zakah. Is it obligatory for me to pay zakah? How is that done? And what is the amount? May Allah preserve you. This listener indicated his name with the letters F, S, and F.

Answer:
In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, Lord of the worlds, and may Allah send prayers and blessings upon our Prophet Muhammad, and upon his family and all his Companions. As for what follows, these food supplies, as the questioner calls them, if his intention is that he prepared them for consumption and spending in his home, or for those whose maintenance is his responsibility, or to give them in charity to the needy, then there is no zakah on them because they were not prepared for trade but rather for consumption. However, if these supplies are displayed for sale and he intends to make a profit from them, then they are trade goods. If a lunar year passes over their value, they are assessed at their value at the completion of the lunar year, and then a quarter of a tenth is paid from their assessed value, because at that point they have become zakatable wealth. Yes.