| Ag Stats & Issues Tuesday, June 08, 2010 - |
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A QUICK REFERENCE GUIDE TO FARMING IN
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Information updated with latest statistical data available on June 2010. Where does your food dollar go?
OFF-FARM costs (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 only 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
*Other Costs include property taxes and insurance; accounting and professional services; promotion; bad debts; and many miscellaneous items.
Source: ERS - USDA (2004); American Farm Bureau Federation graphic.
Source: USDA, Natural Resource Conservation Service.
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