Farmers Share Of Food Dollar Shrinks As Consumer Costs Rise
The U S Department of Agriculture reports farmers earned 39 cents of each consumer food dollar in 1960, down from 51 cents in 1947 and 32 cents in 1932 33, while marketing costs and wages rose. Real incomes grew faster than food prices, allowing 1960 buyers to purchase more food per hour worked.
MENTIONED IN THIS ARTICLE
DUS Department of Agriculture
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