Breaking down spending of the 2023 food dollar
New data from USDA shows how much of the 2023 food dollar goes towards farm production.
This chart breaks down the spending of the 2023 food dollar. According to USDA, about 9 cents goes towards farm production. But the farmers’ share varies depending on what they produce. Farmers get a bigger share of what shoppers pay for meat, for example.
The largest share of the overall food dollar, about 26 cents, go to food services, retail trade like grocery stores and restaurant supply stores and wholesale trade.
Both wholesale and retail trade shares went down on a yearly basis but they are both above average going back to the mid 90’s.
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