Food Costs Retail Farm Marketing

Author : United States Department of Agriculture
Publisher : Forgotten Books
ISBN 13 : 9781334441141
Total Pages : 24 pages
Book Rating : 4.4/5 (411 download)

DOWNLOAD NOW!

Download or read book Food Costs written by United States Department of Agriculture and published by Forgotten Books. This book was released on 2016-11-29 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Food Costs: Retail, Farm, Marketing Consumers spent $477 per person for food in 1967, an increase of 28 percent since 1957. The increase in food expenditures was about times the rise in food prices during this period. Food expenditures increased more than food prices because consumers shifted to more expensive foods, bought more services with food, and bought more restaurant meals. Although food expenditures have increased, the real cost of food must be measured against income. Food expenditures have not increased as much as consumer incomes. From 1957 to 1967, income per person increased 52 percent or nearly double the ih crease in food expenditures. Thus, the percentage of income spent for food declined from an average of percent in 1957 to percent in 1967. In terms of the time the wage earner must work to pay for food, he was better off in 1967 than in 1957-59 because wages have risen faster than retail food prices. Thus, a factory worker could buy more of most foods with an hour's wages in 1967. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.