The USDA Economic Research Service recently published a report that helps shed the light on the cost of food. Take a look at the interesting statistic above. For every dollar we spend on food, less than 16 cents go to farmers. The rest is spent on marketing.
This shouldn’t surprise you. Authors get pennies for every dollar spent on their books. The bulk goes to the bookstores (50%) and to publishers (25-40%). And in the music industry, numbers are similar.
The working man / woman creating the actual goods is far from the end consumer. Every stop along the supply chain needs to make a living too.
But here is the good news for all the foodies out there who complain about the high cost of organic grass fed beef or fresh produce – find a local farm and buy directly from the source. between you and the farmer there’s 84 cents to split. That’s a bargain for both sides.