Food in America is affordable. In fact, between Jan. 1 and Feb. 7, the average American will have earned enough income to pay for his or her family's entire 2001 food supply, according to the Buena Vista County Farm Bureau.
As a result, Buena Vista County Farm Bureau is celebrating Feb. 7 as Farm Bureau's Food Check-Out Day. Last year, Food Check-Out Day fell on Feb. 9. However, according to the latest statistics compiled by the Agriculture Department's (USDA's) Economic Research Service, American families and individuals currently spend, on average, just 10.4 percent of their disposable personal income for food. That percentage is down from last year's figure of 10.9 percent.
Applying the current 10.4 percent statistic to the calendar year, it 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 just 38 days.
Read the rest of this article in the 2/06 Pilot Tribune.