Tom Gresham

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Tom Gresham

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The cost of food as a part of income is at its lowest level ever in the U.S.; 9%.   It’s also the lowest level in the world. Brent Searle, with the Oregon Department of Agriculture, says retailers that sell on high volume are one reason.  The efficiency of growers and food producers has also helped keep prices down.  When baby boomers were kids, the cost of food was 17% percent of income.

 

 

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