09-29-17 NFU’s Friday Farm Fact: Farmers Receive Less Than Sixteen Cents of the American Food Dollar

NFU’s Friday Farm Fact: Farmers Receive Less Than Sixteen Cents of the American Food Dollar

For generations, family farmers and ranchers have provided the essential service of growing nutritious, safe, and tasty food for our country and countries around the world. But farmers only receive 15.6 cents of every dollar Americans spend on food. The rest of the food dollar – more than 80 percent – goes to off-farm costs, like marketing, processing, wholesaling, and distribution. This number is particularly troubling considering the fact that net farm income has plummeted in recent years. This year, median farm household income is projected to be negative $1,400, meaning many farmers will actually lose money.

Read more about the farm economy and the farmer’s share of the American food dollar in this blog post, then view this short farmer’s share video made in collaboration with Farmers Restaurant Group and George Washington University Sustainability Institute. The video is the first in a series of Friday Farm Facts that will be posted on all three organizations’ social media accounts in following weeks. Stay up to date for future facts with the hashtag #FridayFarmFact.