What is with the protectionism going around... I'd better get immunized...
Anyone who talks about the cost of food in America better check their facts. Americans spend less than 10 percent of their disposable income on food.
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USDA's Economic Research Service (ERS) has recently released food expenditure statistics for 2005. They show that Americans are spending, on average, 9.9 percent of their disposable income on food.
That's up slightly from 9.7 percent in 2004 but very consistent with figures over the past five years. The percentage dropped to single digits for the first time in recorded U.S. history in 2000.
Twenty years ago, American consumers spent 11.7 percent of their disposable income on food. Thirty years ago, that figure was 15.1 percent. Going back in history, Americans spent about 20 percent of their income on food about the time today's baby boomers were born. In 1933, the figure was more than 25 percent.
Food is awefully cheap in the United States of America.
I will echo the sentiment that food growers in the US do not need subsidies. The subsidies simply distort the market price for food (one reason why it is so low, it really should be higher).
Compare us to the rest of the world (and keep in mind we have higher incomes)
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International statistics provided by ERS only account for the percentage of disposable income spent on food at home. Still, the numbers show huge disparities between the U.S. and other countries.
The U.S. percentage is 6.1 percent. The next lowest figure comes from consumers in the United Kingdom at 8.3 percent. (Note: No statistics are available in the report for Canada, which would be considered a lower percentage country.)
German consumers spend 10.9 percent of their disposable income on food at home, followed by Japan (13.4 percent), South Korea (13.4 percent), and France (13.6 percent) among high income countries.
Middle income countries include South Africa (17.5 percent) and Mexico (21.7 percent). China (28.3 percent) and Russia (36.7 percent) are seeing rapid decreases in food expenditure percentages but are still relatively high. India (39.4 percent) and Indonesia (49.9 percent) are among the highest when it comes to the amount of disposable income spent on food.
Move to Indonesia and spend half your money on food and then come complaining...
Should the Government restrict the sale of American grain to foreign countries in an effort to keep grocery prices down?No no no no no. A thousand times no. We are good at making grain, let's keep making it.
What other things can the Government do to help out poor Americans who are being squeezed by higher grocery bills?There are already food banks, food stamps, Meals on Wheels programs and many many other ways for people to avoid being hungry.
Just today, the local group of farmers donated one million eggs to local food banks. One milleeeeeon eggs. It is part of a nationwide effort. [email="http://www.csrwire.com/News/11310.html"]America's Egg Producers Donate 12 Million Eggs to America's Second Harvest[/email]