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AGRIBUSINESS: Farmer’s Share Of Consumer Food Dollar Is Small

Posted on: 2:05 pm, February 5, 2013, by , updated on: 03:02pm, February 5, 2013

The report, derived from information in USDA’s monthly Ag Prices report, shows that for a pound of bacon retailing at five dollars and 33 cents, a farm receives just 85 cents or just 16 percent. For a box of corn flakes selling at four dollars and 69 cents in a grocery stores, producers receive just 2 percent of the retail price – ten cents.

The report was publicized by the National Farmers Union.  Their president, Roger Johnson says high prices don’t necessarily mean farmer profitability.  He said this is a reminder that farmers and ranchers need certainty, and that a lack of a full five-year farm bill will continue to impact operations.