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Source: SOUTHERN FARM NETWORK, 4/26/19
The farmers share of the food dollar has dropped 17 percent since 2011, marking an all-time low. For every dollar American consumers spend on food, U.S. farmers and ranchers earn just 14.6 cents, according to a report recently released by the U.S. Department of Agriculture’s Economic Research Service. The remaining 85.4 cents cover off-farm costs, including processing, wholesaling, distribution, marketing, and retailing. For more of this story, click here.
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