Touch the Soil News #815 (Feature photo – National Institutes of Health – public domain)
Each fall, the American Farm Bureau Federation publishes statistics on food price increases. For 2017, there have been several foods that have seen above average increases. Following is a list of the foods that have had big price increases over last year:
- Bacon is up 19 percent to $5.24 per pound
- Chicken breast is up 9 percent to $3.13 per pound
- Flour is up 7 percent to $2.37 per 5-pound bag
- Orange juice is up 6 percent to $3.46 per half-gallon
- Vegetable oil is up 5 percent to $2.52 for a 32 oz. bottle
Also reported is that bagged salad is down a large 16 percent to $2.41 per pound. On average, farmers receive about 15.6 cents of every food dollar – the rest goes to distribution, processing, transportation and retailing.