The Lacuna Project

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Exhibit 672

Food Dollar: Summary Findings (2024 data)

Exhibit 672 ยท Agency web page

Food Dollar: Summary Findings (2024 data)

The farm share was 11.8 cents per dollar spent by U.S. consumers on domestically produced food in 2024.

The Food Dollar's marketing bill divides consumer food spending into a farm share and a marketing share. The 2024 farm share was 11.8 cents of each dollar spent on domestically produced food; the update broadened the definition of food to include bottled water, soft drinks, coffee and tea, which lowered the 2024 farm share from 12.3 to 11.8 cents.

Source
U.S. Department of Agriculture, Economic Research Service
Date
2026 update (2024 data)
Quoted from
'The Marketing Bill'
Grade
Primary record
Document
https://www.ers.usda.gov/data-products/food-dollar/summary-findings
Accessed
2026-11-09
Cited by
Findings citing this exhibit
Note
Used for the steelman that commodity cost is a small part of retail price.

Cited by

Finding AGR-3.14
Peer-reviewed Economists, including one at ERS, found that farm subsidies had modest and mixed effects on commodity prices and negligible effects on consumer food prices, and attributed growth in high fructose corn syrup use to sugar import policy more than to corn subsidies. ERS reports that the farm share of each dollar spent on domestically produced food was 11.8 cents in 2024.