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NFU Releases January Farmer's Share Report

NFU Releases January Farmer's Share Report

Farmers and ranchers receive about 15 cents of every food dollar in January

National Farmers Union released the January Farmer's Share report Monday, derived from the monthly Agriculture Prices report produced by the U.S. Department of Agriculture's National Agricultural Statistics Service, and compared to price points of common grocery food items at a local Washington, D.C., Safeway supermarket.

"It's easy to forget the true value of our farmers and ranchers, who in some cases are only making pennies to the dollar on their goods, while we're at our local supermarket," said NFU President Roger Johnson. "Our Farmer's Share report reflects the true value that our farmers and ranchers are receiving."

Farmers and ranchers receive about 15 cents of every food dollar in January

According to USDA's Economic Research Service, farmers and ranchers only receive 15.8 cents of every food dollar spent by consumers outside the home in the United States. Additionally, more than 80 cents of every food dollar is spent on marketing, processing, wholesaling, distribution and retailing.

Among the statistics noted in the January Farmer's Share: Dairy farmers received $1.72 for one gallon of fat free milk (retail price: $4.19); Wheat farmers netted 19 cents of the $2.99 retail price of a loaf of bread; and tomato growers received a mere 36 cents per pound (retail price: $3.28).

"The Farmer's Share shows the consumer that prices may increase in the grocery store, however the farmer is not necessarily receiving extra income. This is critical information that every consumer should be aware of," said Johnson. "It is also a stark reminder that U.S. family farmers and ranchers need certainty and Congress' inability to pass the 2012 Farm Bill directly will impact their operations."

TAGS: USDA
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