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Source: Chuck Abbott, SUCCESSFUL FARMING, 5/19/21
A decade ago, farmers received 17.6¢ of each $1 spent on food by Americans. Their share now is barely above 14¢ while processors, retailers, and others in the food chain take a larger share, according to USDA economists, who have tracked the farmer/marketer relationship for a quarter century. Their “food dollar series” says the farmer’s share of the food dollar has averaged 16.4¢ over the long term and the marketing share has averaged 83.6¢. For more of this story, click here.
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