Farm share of U.S. food dollar declined again in 2016
On average, U.S. farmers received 14.8 cents for farm commodity sales from each dollar spent on domestically-produced food in 2016, down from 15.5 cents in 2015. Known as the farm share, this amount is at its lowest level for the period 1993 to 2016, and coincides with a steep drop in 2016 average prices received by U.S. farmers, as measured by the Producer Price Index for farm products. 2016 was the fifth consecutive year that the farm share has declined, though the 4.5-percent drop in 2016 was below 2015’s 9.9-percent fall. [node:read-more:link]