Wednesday, February 27, 2008

Consumers Can and Will Pay More for Food

I pulled this story off the Brownfield Ag News website the other day and thought it would be of interest.

For the past 11 years, the American Farm Bureau Federation has celebrated the fact that Americans generally pay around 10% of their total income for food, the lowest total of any nation on earth, with an event called "Food Checkout Day." It's typically held in the first week of February to symbolize the number of days the average American has to work in order to earn enough money to pay for their food bill. But due to a wide range of factors, it looks like that date may have to be pushed back next year.

In fact, U.S. consumers have enjoyed steady to declining food prices, at least in real terms, for many years. That's according to Bill Lapp, President of Advanced Economic Solutions, who says those good times for American food consumers are over, most likely forever.

Read more here.

Yesterdays St. Peters Farmers' Market Workshop went great, as we had around 30 participants. I'm headed to Springfield tonight for the next workshop.

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