ITCT COMMENTARY: Interesting to see who actually gets the money we spend on food. Not very much goes to the farmer in the field. I guess deep down, I understood this, but it’s very informative to see it on a chart.
Every so often — especially when there is more talk about high food prices — it’s good to remind ourselves who gets most of the dollars spent on food.
It ain’t the farmer, as the chart above will tell you. Producers get about ten cents of each 100 spent on food, according to data produced by the Economic Research Service at the U.S. Department of Agriculture.
See full article here.