food dollar

In 2021, the average dollar spent by U.S. consumers on domestically produced food returned 39.4 cents as property income.  Property income is income received by owners of capital assets such as land, equipment, and intellectual property after they pay for inputs, labor, and output taxes.  Th...

American farm establishments received 14.5 cents per dollar spent on domestically produced food in 2021; a decrease of 1.0 cent from a revised 15.5 cents in 2020.  The figure is the lowest recorded farm share value in nearly three decades, according to ERS.  The rem...

According to the USDA’s Economic Research Service, for every dollar American consumers spend of food, U.S. farmers earn 14.6 cents.  That marks a 17% drop since 2011, and the smallest portion of the American food dollar since ERS started collecting data in 1993.  The rema...

American consumers spend less on food annually than they spend on housing and healthcare, but like healthcare expenses and the average cost of living, food prices have steadily climbed year after year.  A common misconception is that farmers are getting rich as our food costs rise, but that’s not the case, according to Tom Bryant, with the National Farmers Union.  He said ...