Posted on July 2, 2014 at 8:00 AM by Iowa Corn
Have you ever wondered what makes up the amount of money you spend on food?
The United States Department of Agriculture recently released its annual breakdown of the country’s food dollar giving consumers an answer to this question.
While we’ve visited this topic in past years, the minuscule amount of money (17.4%) that goes back to the farm (where your food was grown) is simply amazing. Our farmers and ranchers continue to produce year after year meeting demands in a way that is efficient, profitable, environmentally conscious and yet highly affordable for consumers.
And thanks to America’s food producers, we spend a lower percentage of our income on food than any other nation in the world!
A couple of things to keep in mind as prices inevitably rise at the grocery store.
For more information on the food dollar, click here.