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Fast Facts About Agriculture 02/20/2015

Posted by Scott Anderson on Feb 21, 2015 6:51:00 AM


 Fast Facts About Agriculture

 fast_facts_about_agri

 

  • 2.2 million farms dot America’s rural landscape. About 97 percent of U.S. farms are operated by families – individuals, family partnerships or family corporations.

  • Farm and ranch families comprise just 2 percent of the U.S. population.

  • More than 21 million American workers (15 percent of the total U.S. workforce) produce, process and sell the nation’s food and fiber.

  • Today’s farmers produce 262 percent more food with 2 percent fewer inputs (labor, seeds, feed, fertilizer, etc.), compared with 1950.

  • In 2010, $115 billion worth of American agricultural products were exported around the world. The United States sells more food and fiber to world markets than we import, creating a positive agricultural trade balance.

  • One in three U.S. farm acres is planted for export.

  • 31 percent of U.S. gross farm income comes directly from exports.

  • About 23 percent of raw U.S. farm products are exported each year.

  • Farmers and ranchers receive only 16 cents out of every dollar spent on food at home and away from home. The rest goes for costs beyond the farm gate: wages and materials for production, processing, marketing, transportation and distribution. In 1980, farmers and ranchers received 31 cents.

  • U.S. farm programs typically cost each American just pennies per meal and account for less than one-half of 1 percent of the total U.S. budget.

  • Americans enjoy a food supply that abundant, affordable overall and among the world’s safest, thanks in large part to the efficiency and productivity of America’s farm and ranch families.

 

 

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This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Commodity trading is risky and North Central Farmers Elevator and their affiliates assume no liability for the use of any information contained herein. Although all information is believed to be reliable, we cannot guarantee its accuracy and completeness. Past financial results are not necessarily indicative of future performance. Any examples given are strictly hypothetical and no representation is being made that any person will or is likely to achieve profits or losses similar to those examples.

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