Touch the Soil News # 128
Every year the U.S. population grows around 2.7 million and the USDA estimates that food inflation averages 3 percent. By using USDA averages, the U.S. will spend $1,561 billion for total food expenditures in 2015. Of that amount, $26 billion is the value of food grown at home and donated.
The following Info Graphic #1 illustrates the growth in total food expenditures. Based upon historical growth averages, we should hit $2 trillion plus by 2021.
There are some unknowns between now and then that could change this projection:
- Will Americans be able to translate their work ethic, skills and labor for enough dollars to fill the $2 trillion dollar food envelope?
- Will global competition for food and the resources to raise food, increase the rate of food inflation?
- How many people in the U.S. will not be adequately participating in the $2 trillion food envelope?
The following is an interesting video clip on food for the homeless that has gone viral – almost 40 million views so far.