Farm share of U.S. food dollar decreased one-tenth of a cent in 2023

U.S. farm establishments received 15.9 cents per dollar spent on domestically produced food in 2023 as compensation for farm commodity production. This amount, called the farm share, is a decrease of 0.1 cent from the 2022 share, which was revised up to 16.0 cents from 14.9 cents. The farm share covers operating expenses as well as input costs from nonfarm establishments. The remaining portion of the food dollar—known as the marketing share—covers post-farm costs such as transporting, processing, and selling food to consumers. The primary data sources for the USDA, Economic Research Service’s (ERS) Food Dollar Series underwent substantial revisions that were incorporated in the latest release. Revisions can affect the measurement of things such as farm commodity inputs to food production in the domestic economy, and this can lead to changes in the previously published farm shares. ERS uses input–output analysis to calculate the farm and marketing shares of a food dollar, which is a dollar constructed to represent all domestic expenditures of U.S. food. The data for this chart can be found in the ERS Food Dollar Series data product, updated November 18, 2024.

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