Farmers and Ranchers Receiving More of Food Dollar
KANSAS CITY, MO – In 2019, restaurants and other eating places claimed 38.5 cents of the average U.S. food dollar, continuing a steady 10-year climb since 2009.
Just prior to the previous decade, the food services industry’s share was 29.6 cents according to data released by the Economic Research Service (ERS).
Farm production was the only other industry with a rising food dollar share in 2019, up slightly to 7.6 cents from a 25-year low of 7.4 cents in 2018.
The 2019 food dollar reflects conditions before the COVID-19 pandemic.
(SOURCE: All Ag News)