Thanksgiving by the Numbers: Families Pay More While Farmers Earn Less

National Farmers Union on Nov. 19 released the annual Thanksgiving Edition of the “Farmer’s Share of the Food Dollar,” revealing stark inequities in America’s food system. Farmers continue to receive only pennies on the dollar for foods typically consumed for Thanksgiving dinner despite high grocery prices.

“Consumers are paying more for their food, and producers are paid less, while the corporate monopolies are making record profits,” Montana Farmers Union President Walter Schweitzer said. “We need more competition in the marketplace and the enforcement of the antitrust laws to ensure a fair price for both the consumer and the producer. If we enforced the antitrust rules and reigned in the anticompetitive practices of the corporations, there would be money for our communities and our families too.”

Farmers earn small returns on staple Thanksgiving foods according to this year’s Thanksgiving Farmer’s Share report. The agricultural economy is fragile and uncompetitive after decades of corporate consolidation. Monopolies now dominate everything from food processing and distribution to the markets for seeds and farm equipment, leaving family farmers at a steep disadvantage while consumers face fewer choices and higher prices.

“Even in a season of gratitude, we must acknowledge the continuous inequality in our food system and agriculture industry,” said NFU President Rob Larew. “Family farmers and ranchers work year-round for historically low profits across all sectors of the industry, while consumers are still paying unsustainably high prices at grocery stores. Fairness for farmers is also fairness for consumers – when rural America does well, we all benefit.”

NFU’s Fairness for Farmers campaign continues to spotlight how consolidation and anti-competitive practices in the food and agriculture supply chain squeeze both ends of the system. By pushing for stronger antitrust enforcement, transparency, and fair markets, the campaign aims to ensure farmers receive a more equitable share of the food dollar, and that consumers see relief at the checkout line.

“Every Thanksgiving, the numbers tell the same story: farmers aren’t asking for a bigger slice of pie, just a fair one,” Larew added. “It’s long past time to fix a food system that works for corporations but not for the families who grow and consume our food.”

Learn more about The Farmer’s Share here.

Data for this publication were sourced from the U.S. Department of Agriculture’s National Agricultural Statistics Service and other industry sources. Retail prices are based on the Safeway (SE) brand in the Washington, D.C. area.