Farmers have always known that they're on the short end of the food dollar. In fact, cultivators of the land only see about 19 cents out of every dollar Americans spend to buy the food they grow. But a stat was thrown out during an August agricultural convention that even made the most grizzled farm veteran take notice.
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PORTALES, N.M.—Recessions usually mean big business for peanut producers as shoppers flock to low-cost, high-protein foods like peanut butter. But a highly publicized salmonella outbreak early this year linked to the Peanut Corporation of America (PCA), combined with a 2008 bumper crop, has left peanut producers and businesses alike in a less than favorable position.
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NEW YORK (June 17, 2009)—Last month, a group of Texas farmers traveled more than 2,000 miles to New York City to meet with urban reporters and talk about the importance of our rural communities. As it turns out, these farmers weren't as far away from home as they might have thought.
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CHICAGO—Recession or not, people will still celebrate Christmas, Halloween, Easter and Valentine's Day, which is why candy companies make money in good times and in bad, says the National Confectioners Association (NCA).
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MINNEAPOLIS—If Kevin Garnett's picture suddenly disappeared from the Wheaties box, most grocery shoppers would notice the absence of the former Timberwolves star. But if the amount of cereal within that box shrank by an ounce or two, few people would even realize it.
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