Wednesday, October 9, 2024

A brief look at the food dollar; Products and production

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By David B. Strickland

PT Processing staff

dstrickland@poultrytimes.com

WASHINGTON — Being an essential expenditure it is understandable that lots of money is spent every year on food products. The USDA Economic Research Service has recently released some money statistics as part of its continuing “Food Dollar Series.”

A whopping statistic is that Americans spent $1.6 trillion on food and beverages, groceries and restaurant visits in 2015, ERS noted.

Of this amount $1.4 trillion was spent on domestically produced food and beverage items, and $200 billion was spent on imported food and beverage goods.

To further. . .

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