Report Shows Farmerís Share of Retail Food Dollar
The latest Farmer's Share report was released by National Farmers Union Monday. NFU says the report is based on calculations derived from the monthly Agriculture Prices report from USDA's National Agricultural Statistics Service and compared to price points of common grocery food items at a Washington, D.C. Safeway supermarket. Among the statistics in the January report - dairy farmers received $1.72 for a gallon of fat free milk that retailed at $4.19 and wheat farmers netted just 19-cents of the $2.99 retail price of a loaf of bread. NFU President Roger Johnson says the Farmer's Share shows the consumer that prices may increase in the grocery store - but the farmer isn't necessarily receiving extra income. He says that is critical information every consumer should be aware of. Johnson says it's also a reminder that the nation's family farmers and ranchers need certainty - and that the inability of Congress to pass the 2012 Farm Bill will directly impact their operations.
Farmer's Share is updated by NFU each month. For a look at the latest report - visit www dot NFU dot org slash farmers dash share (www.NFU.org/farmers-share).
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