4th Cookout and Strawberries
Farm Bureau Acting Chief Economist Veronica Nigh says the average cost of a summer cookout for 10 people remains affordable at $59.50 …
NIGH … “Which is down about 16 cents from last year, and compared to 2019, the overall cost of the basket is eight percent higher. The survey reveals a difference in retail food prices depending on the region of the country with a $5.50 spread from highest to lowest. The highest cost is in the West, at about $62 followed by the northeast and south with the Midwest, at about $57.”
Nigh says strawberries had the largest price increase in the survey …
NIGH … “Two pints of strawberries cost $5.30 which was up 22 percent from last year. That's attributed to the popularity of ready-to-eat fruits and severe weather during the harvest this spring. Beef and pork prices are lower compared to last year because packing plant disruptions early in the pandemic have been resolved. However, prices are still considerably higher than pre-pandemic prices in 2019 due to strong demand in the U.S. and internationally.”
Nigh says the farmers’ share of the total spent on food is only about 8%, but when we break that down for food consumed at home versus food consumed away from home, 13.4% of the food consumed at home can be attributed to the farmers, as opposed to only 2.2% for food consumed away from home.
Find the complete survey at fb.org.