87th Annual GFB Convention and Wholesale-Retail Share of Food Dollar

87th Annual GFB Convention and Wholesale-Retail Share of Food Dollar

Bob Larson
Bob Larson
From the Ag Information Network, this is your Agribusiness Update.

**Over 1,400 Georgia farmers and agribusiness leaders met on Jekyll Island last week for the 87th Annual Georgia Farm Bureau Convention.

www.morningagclips.com reports the three-day event included a trade show, awards presentations and educational sessions briefing farmers on policy and production issues affecting Georgia’s major commodities.

The convention’s theme, “Where You Belong,” emphasized GFB’s welcoming nature while marking the 60th time its annual meeting was held on Jekyll Island.

www.morningagclips.com/georgia-farm-bureau-members-gather-for-87th-annual-convention/

**Gregg Doud, president and CEO of the National Milk Producers Federation, is thanking the Dietary Guidelines Advisory Committee for recognizing dairy’s role in a healthy diet.

Doud says their scientific review showed reducing or eliminating dairy from the diet leads to undernourishment in key nutrients for millions of Americans.

He says the review also made clear that expanding the food group with plant-based alternatives outside of soy is not supported by science.

**In 2023, 26.1 cents of a typical dollar spent on domestically produced food went to wholesale trade, at 11.4 cents, and retail trade, at 14.7 cents.

www.agrimarketing.com reports USDA data shows the wholesale and retail trade shares decreased 0.1 and 0.3 cents, respectively, from 2022.

Both shares, which reached their highest values in 2020, remained above their averages of 10.6 cents for wholesale and 13.9 cents for retail.

www.agrimarketing.com/s/152066

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