US farmers are facing the worst farm economic downturn in 30-40 years, according to the US NFU.
Farmers receive just 11.4 cents from every dollar spent on Thanksgiving dinner, according to the US NFU’s Farmer’s Share publication.
Turkey farmers received just 5 cents (4p) per pound of turkey, the staple meat, which retails at $1.69/lb (£1.27). And dairy farmers received only $1.47 (£1.10) of a $4.49 (£3.36) gallon of milk, with wheat farmers making 6 cents (4p) on 12 bread rolls, costing consumers $3.49 (£2.61).
The union added the figures highlighted the huge drop in incomes for farmers in ‘the worst farm economic downturn in 30-40 years’.
Rob Larew, NFU senior vice president for public policy and communications said: “If you do not live on a farm or work in agriculture, you probably don’t realize the tremendous difference between the price you pay for food at the grocery store and the prices farmers end up receiving for these products.
“While consumer holiday food costs have declined recently, incomes for American farm and ranch families have dropped precipitously.
“We are in the midst of the worst farm economic downturn in 30-40 years, and we’re hopeful these numbers can help illustrate that fact to the general public.”