Who Pays The Least For Food?
09/28/07
Who Pays The Least For Food?
Did you know U.S. consumers spend just 10% of their disposable income on food each year? Consumers in other countries spend much more on food. Indonesia spends 55% of their disposable income on food, and China spends 26% while Japan spends 14%.
Of the 10% of disposable income Americans spend on food, an average of 5.8% is spent on food eaten at home and 4.1% is spent on food eaten away from home.
Americans work 36 days to pay for the food they will consume for the year. We can thank American Farmers and Ranchers for our safe and abundant food supply.
With the recent toy recalls from China, consumers are becoming more aware of American made products. Now is the time for farmers and ranchers to promote and educate consumers about where their food comes from.
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