While consumers will pay record prices for their Thanksgiving meal, farmers only earn 14.3 cents on every food dollar.

WASHINGTON – For every dollar Americans spend on Thanksgiving meals this year, farmers and ranchers will earn about 14.3 cents, according to the National Farmers Union.

“Usually Thanksgiving is a time to get together with loved ones and enjoy a great meal,” said NFU President Rob Larew. “But for many Americans, the cost of traditional holiday foods may just be out of reach for some families. “

Even though consumers pay more for food this year, almost none of it is passed on to American family farmers and ranchers. The multiple waves of mergers and acquisitions over the past decades have resulted in uncompetitive, fragile and underpaid agricultural and food supply chains.

Farmers’ share of every dollar that consumers spend on food has fallen from 50 percent in 1952 to less than 15 percent today.

“The National Farmers Union is fighting for tighter enforcement of antitrust laws and to break down corporate monopolies that use their size to unfairly benefit farmers and ranchers while forcing consumers to pay higher prices at the grocery store “, added Larew,

“Enough is enough; someone has to stand up against these corporate monopolies that are destroying family farms and undermining our national food supply.

NFU members actively advocate for the following policy changes to support fair and transparent agricultural markets:

Strengthening the enforcement of the law on slaughterhouses and stockyards

Improve price discovery and ensure fair and accurate market information

Facilitate competition and more diversified market opportunities

Strengthening the enforcement of antitrust laws.

About Catriona

Check Also

Blue Ocean Technologies integrates with Broadridge

Blue Ocean Technologies successfully integrates with Broadridge trading and connectivity solutions NEW YORK, Aug. 1, …