Mississippi Farm Bureau Federation
Agricultural News and Information

Greg Gibson, Coordinator
Public Relations / Multimedia
1-800-227-8244 ext. 4154
or 601-977-4154
email: ggibson@msfb.org

Farm Bureau Commemorates Food Check-Out Week

Jackson — Food in America is affordable. In fact, in just five weeks, the average American will have earned enough disposable income to pay for his or her food supply for the entire year, according to the Mississippi Farm Bureau.

As a result, the Mississippi Farm Bureau is celebrating February 3 – 9, 2008, as Food Check-Out Week. The latest statistics compiled by the Agriculture Department’s (USDA’s) Economic Research Service indicate American families and individuals currently spend, on average, just 9.9 percent of their disposable personal income for food.

Applying the current 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 five weeks.

Not only is America’s food supply the world’s most affordable, but it’s also the safest, said David Waide, president of the Mississippi Farm Bureau. “Our nation’s farmers go to great lengths to provide all Americans with the safest food supply possible. The high quality, affordable food we enjoy is a product of our successful food production and distribution system, as well as America’s farmers retaining access to effective and affordable crop protection tools.”

Food Check-Out Week tracks the amount of income needed by Americans to purchase food on an annual basis, according to Waide. In comparison, most Americans worked until mid-April to pay their taxes, according to The Tax Foundation.

“This week should hold meaning for most Americans,” Waide said. “As food producers, we are concerned that some Americans cannot afford to buy the food they need, but we are proud of the role Mississippi farmers play in making our food supply more affordable for all.”

The percent of disposable personal income spent for food has declined over the last 34 years. According to USDA, food is more affordable today due to a widening gap between growth in per-capita incomes and the amount of money spent for food.

This overall decrease is made more notable by the fact that trends indicate Americans are buying more expensive convenience food items for preparation at home, as well as more food away from home.

(30)

The Mississippi Farm Bureau Federation is the state’s largest general farm organization with more than 227,000 member-families statewide. There are Farm Bureaus in all 82 counties in Mississippi where agriculture comprises a fundamental part of Mississippi’s economy. Headquartered in Jackson, the federation is an independent, non-profit agricultural organization and is not associated with any arm of the government. For more information about Farm Bureau, visit our website at www.msfb.com.