Seedstock Newsletter Barn

Most Recent

Propose an Article!

Have an idea about an article or subject you'd like to see in BEEF? Submit a proposal!

Cow Calf Weekly

Subscribe to our weekly newsletter... It's FREE!

Online Exclusives

Recent Comments

Powered by Disqus

Decline in Grocery Food Prices Stretches to Farmers' Profits

Farmers lose money as food prices decline


         Subscribe in NewsGator Online   Subscribe in Bloglines  

Prices in the grocery store are down by 10 percent from last year, the Iowa Farm Bureau reports.

So are farmers' profits.

The Farm Bureau's survey of food prices shows the fourth consecutive quarterly decline from 2008, when corn and soybean prices hit record levels and food processing companies and supermarket chains were warning of spikes in food prices.

Instead, commodity prices have come down. Prices for corn, soybeans and livestock are slightly more than half of what they were 12 months ago.

Not surprisingly, it's the farmers who now feel the squeeze.

"While the decline in global demand has helped bring prices down for shoppers, a combination of decreased demand and other factors has made things more difficult for farmers, particularly those who raise livestock," said Dave Miller, director of research and commodity services for the Iowa Farm Bureau.

"Despite the tremendous efficiency of the American farmer, the profit margins in farming are narrow, and there is a relentless cost-price squeeze. Narrow margins and high efficiency are reflected in the farmer's small share of the food dollar, 19 cents.

To read the entire article, link here. 

Get Copyright Clearance Want to use this article? Click here for options!
© 2009 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Browse Back Issues

Interact with us:

BEEF Magazine on Facebook BEEF Magazine on Twitter

Marketplace Ads

  • Hubbard Feeds, Inc

    Give us a call at (800)535-2428 to see if we can benefit your operation.

  • Hubbard Feeds, Inc

    Download free tools, sign-up for newsletters, browse nutrition products.

  • Your ad Here!

    Advertise your business here! Find out how.

  • Ag Maps for sale

    Ag Maps for Sale!

  • Livestock Markets

    The Place To Source Your Cattle and Horses.

Resources

  • Western Art Prints
  • Beef Quality Summit
  • 2007 Fencing Guide
  • 2008 Feed Composition Tables
  • Cattlemen's Calendar
  • Biosecurity
  • 2009 Alliance Yellow Pages
  • Estate Planning
  • Calf Health
  • RFID Suppliers
  • State of the Industry
  • Free Product Info
  • National Stocker Survey
  • Lets talk ag logo
  • National Stocker Survey