Hot Topics Your Food Dollar

Food Economics and Your Food Dollar While U.S. consumers spend less of their income on food than ever before, farmers are continuing to get less and less of the consumer food dollar and are going out of business at alarming rates. Meanwhile corporate agriculture profits are continuing to increase. Consider the following: Corporate agribusiness profits increased 98 percent during the 1990s; meanwhile, in 2002 farmers earned their lowest real net cash income since 1940. Modern industrial agriculture is making farming unprofitable for many. For more than 60 percent of farm households in 1998, farming actually lowered the household?s before tax-income.…