Thoughts on Farming – Part 5, by Single Farmer
(Continued from Part 4.) The Economics of Farming I often hear statistics that farmers receive 15 percent of a food dollar. That statistic really needs some examination in comparing it to previous generations. Back in 2016, we sold wheat in the $3.80 range and we were fortunate in that the official statistic for wheat for our area is $3.20 a bushel. I will be generous and use our $3.80 a bushel number: At that number, a pound of wheat is a little over 6 cents. Wheat is commonly used in bread, so an example that I often think about is …