The increasing cost of food

Tags: Food And Drink, Grocery Shopping, Food Costs, Food Economics
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Originating from Penn state university this brochure details why food is iincreasing in price.

http://i8.photobucket.com/albums/a40/dadpad/costoffoodUSA1.jpg

http://i8.photobucket.com/albums/a40/dadpad/costoffoodUSA.jpg

Several interesting stats here.

1. the USA has the cheapest food in the world

2. only .19 cents of every dollar actually makes it back to the farm gate

3. Wheat is currently (2005) 3.42 US a bushell. If wheat had kept pace with inflation it would be worth $16.21

4. US consumers can eat three servings of fruit and four sevings of vegetables for as little as .64 cents per day

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[+1] - dadpad - 03/10/2008The OECD estimates that the monetary value of taxpayer assistance (farming subsidies) to support wheat products in australia was equivalent to 4% of gross farm income in 2004 In comparison...

The OECD estimates that the monetary value of taxpayer assistance (farming subsidies) to support wheat products in australia was equivalent to 4% of gross farm income in 2004

In comparison European farmers received assistance equal to 42% of their gross income.

For Candian producers this figure was 13% and for US producers the figure was 32%.

Source ABARE an independant Australian and NZ economic research agency.

What this means is that your tax dollars are being used to prop up farms and farm income.

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The increasing cost of food

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