Anyone associated with agriculture knows there are often many steps involved in getting the commodity from the farm and ranch to the consumer. Dustin Pendell, an agricultural economist at Kansas State University, said each of these transactions cuts into the share of the return on the farm dollar.
Speaking on a recent Beef Cattle Institute “Cattle Chat” podcast, Pendell cited a November report from the USDA Economic Research Service showing that U.S. farms received 14.5 cents per dollar spent on domestically produced food in 2021. The ERS reports that this was a decrease of 1 cent from…
