Home / News / Policy news / New Food Dollar Reveals Farmers' Small Share

New Food Dollar Reveals Farmers' Small Share

CHERYL TEVIS 03/15/2011 @ 10:21am Cheryl has been an editor at Successful Farming since 1979.

The American farmers' share of the food dollar is shrinking. A recently released report by USDA states that only 11.6% of every dollar spent on food goes to the farmer.


USDA issues a food dollar series to measure annual expenditures by U.S. consumers on domestically-produced food. The new report called "A Revised and Expanded Food Dollar Series – A Better Understanding of Our Food Costs" updates the marketing bill series which has been discontinued.


"Only a small percentage of our food dollar actually pays for the production of the raw commodity itself," says Dick Gallagher, chairman of the Iowa Corn Promotion Board and a Washington farmer. "I think it's easy to see that what you pay at the store has even less to do with the price of corn." 

CancelPost Comment
MORE FROM CHERYL TEVIS more +

Canada & Australia: Big Wheat Exports… By: 10/30/2014 @ 3:19pm Trade across Ambassador Bridge between Windsor, Ontario, and Detroit, Michigan, is equal to all…

Increasing Global Appetite for Protein… By: 10/30/2014 @ 2:13pm Global meat consumption is still ascending. Its expected growth is pegged at about 1.9% per year…

Protect Respiratory Health and Buy… By: 10/30/2014 @ 1:10pm When 23-year-old Arick Baker was working in an 80,000-bushel bin on his family farm near New…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes