Date of this Version
Cornhusker Economics, November 8, 2000, agecon.unl.edu/cornhuskereconomics
The farm share of consumer expenditures for food has fallen substantially over the past five decades. As shown in Figure 1, consumer expenditures for domestically produced farm foods increased from $50.9 billion in 1952 to $618.4 billion in 1999. The farm value of these foods increased from $20.4 billion to $120.5 billion during the same period, representing a decline in the farm share from 40 percent to 20 percent.