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Marketing and Transportation Situation, Vol. 186: August 1972 (Classic Reprint): August 1972 (Classic Reprint)

Marketing and Transportation Situation, Vol. 186: August 1972 (Classic Reprint): August 1972 (Classic Reprint)

          
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About the Book

Excerpt from Marketing and Transportation Situation, Vol. 186: August 1972

Gross returns to farmers (farm value of quantities of farm commodities equivalent to retail units) for market basket foods totaled $513 (annual rate) in the second quarter - up percent from the first quarter. Higher returns for meat animals and fresh fruits accounted for much of the rise. In contrast, returns for poultry and eggs dropped sharply. Total farm value increased substantially in May and June due mainly to rising prices for beef cattle and hogs. Compared with a year earlier, the farm value of market basket foods was up 8 percent in the second quarter with most of the increase coming from higher returns for meat animals. Farm value was 22 percent above 1967 but only 8 percent above 20 years ago. Farmers grossed an average of 40 cents of a dollar consumers spent for farm foods in the second quarter. This was about the same as the previous quarter but 2 cents more than a year earlier. The share increased to 41 cents in June.

The marketing spread - the difference between the retail cost and farm value - averaged $777 in the second quarter of 1972, about the same as in the first quarter. Marketing spreads peaked in March, and then declined. Spreads narrowed because retail price rises lagged increases at the farm level. Second quarter marketing spreads were 1 percent below a year earlier. They averaged 17 percent above 1967 and 56 percent above 20 years ago.

In 1971 consumers spent billion for domestic farm foods, percent more than in 1970. The increase was equally divided between higher food prices and a greater volume of food purchased.

The marketing bill-ah estimate of the total cost of transporting, processing, and distributing farm food products - rose percent to a total of billion in 1971. Labor costs, nearly half of the bill, rose 8 percent, reflecting a further rise in hourly earnings of employees and limited gain in output per man hour. Rail and truck transportation costs rose 15 percent to billion.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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Product Details
  • ISBN-13: 9780428606657
  • Publisher: Forgotten Books
  • Publisher Imprint: Forgotten Books
  • Language: English
  • ISBN-10: 0428606652
  • Publisher Date: 10 Nov 2018
  • Binding: Hardback
  • Returnable: N


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