Report Finds Farmers Earn 14.3 Cents of Every Dollar Americans Spend on Thanksgiving Essentials

While most prices on grocery stores shelves this Thanksgiving will be a bit higher than last year, consumers are urged to remember that the extra pennies and dollars are not going to the farmers and ranchers. According to the National Farmers Union, for every dollar Americans spend on Thanksgiving meals this week, U.S. producers will earn just 14.3 cents. To compare, in 1952, farmers received 50 cents per dollar. In 2020, farmers only received 11.9 cents per dollar.

The National Farmers Union says continual mergers and acquisitions have undervalued the price return for farmers while forcing consumers to pay more. Read more on farmer earnings from consumer spending.