As the Fourth of July approaches, the National Farmers Union (NFU) draws attention to the economic challenges faced by family farmers. Their latest "Farmer’s Share of the Food Dollar" report reveals a stark contrast between what consumers pay at grocery stores and what farmers earn.
NFU President Rob Larew stated, “As we celebrate the Fourth of July, a day that symbolizes freedom, fairness, and opportunity, we must also shine a light on the growing imbalance in our food system.” He highlighted that while family farmers and ranchers are working harder than ever, their earnings are diminishing as corporate monopolies continue to profit significantly. Larew emphasized that "farmers deserve a fair share of the food dollar, and consumers deserve a food system that works for everyone, not just a handful of powerful corporations."
The report indicates that family farmers receive an average of only 16.3% from a $30 shopping cart filled with popular Independence Day foods. For example, while ground beef is priced at $5.99 per pound at retail, farmers receive $2.08 or 34.7%. Similarly, cheeseburger buns priced at $3.79 result in only $0.09 going to producers.
The data for this publication were sourced from various entities including the U.S. Department of Agriculture’s National Agricultural Statistics Service and Agricultural Marketing Service.
