Publisher's Synopsis
Excerpt from Marketing and Transportation Situation
An increase of 2 to 3 percent in the retail cost of the market basket of farm originated foods is in prospect for 1968. Much of the increase will come from higher prices for meats, chickens, eggs, and fruits. Returns to farmers from the products in the market basket are expected to be slightly higher in 1968 than in 1967.
The spread between the retail cost and farm value of the market basket foods probably will average 2 to 3 percent wider in 1968 than in 1967. Spreads are likely to increase for most products in the market basket.
Costs of performing marketing services probably will go up again next year due to rising prices of major inputs. Hourly earnings of marketing firm employees are likely to rise more than output per man-hour, causing an increase in labor costs per unit of product. Other operating costs are expected to rise.
Farmers probably will receive 38 cents of the dollar that consumers Spend for the foods in the market basket in l968-the same share as in 1967.
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