farmers

Farmers Receive 12 Cents of the Thanksgiving Food Dollar

Dan Economy, Industry News Release

(NAFB) — Farmers and ranchers take home just 12.1 cents from every dollar that consumers spend on their Thanksgiving dinner meals, according to the National Farmers Union. NFU’s annual Farmer’s Share publication compares the retail food price of traditional holiday dinner items to the amount the farmer receives for each item they grow or raise. On average, farmers receive 14.6 …

food price index

Farmers’ Share of the Food Dollar at a Record Low

Dan Economy, Industry News Release

The Economic Research Service’s Food Dollar Series shows that the farmers’ share of the food dollar fell to 14.8 cents in 2016. That’s a 4.5 percent drop from the previous year and the lowest level since the series first launched in 1993. The farmers’ share of every $1 spent on domestically produced food represents the percentage of farm commodity sales …