Cost of food remains affordable

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According to the U.S. Department of Agriculture’s Economic Research Service, American consumers spend, on average, just over 10 percent of their disposable income for food. That means the average household will have earned enough disposable income, that portion of income available for spending or saving, to pay for its annual food supply in about seven weeks, said Kentucky Farm Bureau president Mark Haney.
“America’s food supply is the most affordable as well as the safest in the world,” Haney said. “Domestic foods that are produced by farmers in Kentucky and throughout the United States are responsible, in part, for our nation’s increased standard of living.”
In recognition of this, Marion County Farm Bureau is celebrating Feb. 20-26, 2011, as Food Check-Out Week.
To mark the occasion, the Farm Bureau Woman’s Committee will be at the local grocery stores distributing color promotional cards, County Food Drive, with the help of Marion Co. F.F.A. members. The will be a food safety display at the local farmer dinner meeting.
Long after Food Check-Out Week, Americans are required to continue earning income for other necessities.
“We work much longer to pay for federal taxes than for food,” Haney said.
The Tax Foundation has reported that Americans must work approximately 99 days to pay their federal taxes.