The total retail value for the 15 items = $62.82. The total value to the farmer for the 15 items = $12.19.
$12.19 divided by $62.82 = $0.194. This would be 19.4 cents to the farmer from each retail dollar, instead of 15.8 cents. What am I missing?
To me: If I look at the numbers for cereal, bacon and beer; I conclude, if the price increases in the super market - don't blame a farmer. If I look at the numbers for steak, eggs, milk and carrots; I see a much closer link to the farm price and super market price.
The bottom line is more about does the farmer receive fair payment for his/her work and risk. This data does not address that question, IMO.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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