Food Prices in Perspective
Author | : United States. Department of Agriculture. Economics, Statistics, and Cooperatives Service |
Publisher | : |
Total Pages | : 12 |
Release | : 1979 |
ISBN-10 | : MINN:31951002848755W |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Food Prices in Perspective written by United States. Department of Agriculture. Economics, Statistics, and Cooperatives Service and published by . This book was released on 1979 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: A USDA report summarizes the causes of food price inflation. Retail food prices in the United States rose over90% annually from 1973 to 1979. Increases in prices result from higher farm-level commodity prices and higher marketingcosts. Food production costs, trade policies, food marketing costs, and structural changes are controllable in varying degrees. Control of fluctuations due to weather and the biological nature of food production processes is unlikely. Consumers are partially responsible for food priceincreases through rising incomes and changing lifestyles. Reduction of the upward movement in food prices will requirea long-term effort. The Government, food industry, and consumers can slow price increases by 1) supporting programsto reduce inflation rate; 2) encouraging price competition; 3) encouraging consumer nutrition education; 4) stabilizing trade flows; 5) reviewing regulations; 6) eliminating labor practices and policies that limit savings; 7) encouraging new technology, especially packaging, adoption.