Saturday, January 17, 2009

Farm Economy

Where does your food dollar go?

OFF-FARM costs or the marketing expenses associated with processing, wholesaling, distributing and retailing of food products account for 81 cents of every retail dollar spent on food.

FARMERS AND RANCHERS receive just 19 cents out of every retail dollar spent on food that is eaten at home and away from home. In 1980, farmers received 31 cents out of every retail dollar spent on food in America.

*Other Costs include property taxes and insurance; accounting and professional services; promotion; bad debts; and many miscellaneous items.



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