diff --git a/dist/formulate.esm.js b/dist/formulate.esm.js
index de49d67..372206b 100644
--- a/dist/formulate.esm.js
+++ b/dist/formulate.esm.js
@@ -1272,7 +1272,7 @@ var script = {
        */
       defaultId: nanoid(9),
       localAttributes: {},
-      internalModelProxy: this.formulateValue,
+      internalModelProxy: this.formulateValue || this.value,
       behavioralErrorVisibility: (this.errorBehavior === 'live'),
       formShouldShowErrors: false,
       validationErrors: [],
diff --git a/dist/formulate.min.js b/dist/formulate.min.js
index 32da806..49d16ee 100644
--- a/dist/formulate.min.js
+++ b/dist/formulate.min.js
@@ -1275,7 +1275,7 @@ var Formulate = (function (exports, isUrl, nanoid, isPlainObject) {
          */
         defaultId: nanoid(9),
         localAttributes: {},
-        internalModelProxy: this.formulateValue,
+        internalModelProxy: this.formulateValue || this.value,
         behavioralErrorVisibility: (this.errorBehavior === 'live'),
         formShouldShowErrors: false,
         validationErrors: [],
diff --git a/dist/formulate.umd.js b/dist/formulate.umd.js
index b5a1dc0..f9cbc56 100644
--- a/dist/formulate.umd.js
+++ b/dist/formulate.umd.js
@@ -1278,7 +1278,7 @@
          */
         defaultId: nanoid(9),
         localAttributes: {},
-        internalModelProxy: this.formulateValue,
+        internalModelProxy: this.formulateValue || this.value,
         behavioralErrorVisibility: (this.errorBehavior === 'live'),
         formShouldShowErrors: false,
         validationErrors: [],
diff --git a/package.json b/package.json
index e36b295..060a5f0 100644
--- a/package.json
+++ b/package.json
@@ -5,7 +5,6 @@
   "main": "dist/formulate.umd.js",
   "module": "dist/formulate.esm.js",
   "unpkg": "dist/formulate.min.js",
-  "private": true,
   "engines": {
     "node": ">=11"
   },
diff --git a/src/FormulateInput.vue b/src/FormulateInput.vue
index 13d4841..712f058 100644
--- a/src/FormulateInput.vue
+++ b/src/FormulateInput.vue
@@ -170,7 +170,7 @@ export default {
        */
       defaultId: nanoid(9),
       localAttributes: {},
-      internalModelProxy: this.formulateValue,
+      internalModelProxy: this.formulateValue || this.value,
       behavioralErrorVisibility: (this.errorBehavior === 'live'),
       formShouldShowErrors: false,
       validationErrors: [],
diff --git a/test/FormulateInputText.test.js b/test/FormulateInputText.test.js
index b8b1baf..e2ec886 100644
--- a/test/FormulateInputText.test.js
+++ b/test/FormulateInputText.test.js
@@ -143,6 +143,16 @@ describe('FormulateInputText', () => {
     expect(wrapper.find('input').element.value).toBe('initial val')
   })
 
+  it('uses the value as the initial value', () => {
+    const wrapper = mount(FormulateInput, { propsData: { type: 'text', value: 'initial val' } })
+    expect(wrapper.find('input').element.value).toBe('initial val')
+  })
+
+  it('uses the v-model value as the initial value when value prop is provided', () => {
+    const wrapper = mount(FormulateInput, { propsData: { type: 'text', formulateValue: 'initial val', value: 'initial other val' } })
+    expect(wrapper.find('input').element.value).toBe('initial val')
+  })
+
   it('uses a proxy model internally if it doesnt have a v-model', () => {
     const wrapper = mount(FormulateInput, { propsData: { type: 'textarea' } })
     const input = wrapper.find('textarea')