Who Gets Your Grocery Dollar?
[imgbelt img=AllFood.jpg]Whatever happens day to day with food prices, farmers are getting a smaller share of each dollar than they did a generation ago.
Higher commodity prices in the last few years have helped farm income — in 2007, farmers took in 21% of all food dollars — but those prices have collapsed of late. The price of corn is down 56% since July 2008, for example.
And the long term trends are clear: less and less of each food dollar is sent to the people who grow crops or raise livestock.
The figures differ from crop to crop, but the trends are always the same: The farm share of food income is either stagnant or shrinking. For example, in 1992, farmers got about 41% of each dollar spent on tomatoes. By 2008, it was down to 29%.