LANSING, Mich. (WLNS) — The American Farm Bureau Federation carried out their annual survey about prices for cookouts this vacation weekend. They discovered that costs are the second highest since they began surveying in 2013.
It isn’t all the time apparent the place will increase are coming from, both. Loren Koeman, the lead economist on the Michigan Farm Bureau, notes that farmers solely earn about $0.16 of each meals greenback that is spent.
Koeman explains that when meals costs lower, the farmers are seemingly taking much less, however after they enhance it may be a results of manufacturing, climate or commerce points.
This yr’s meals survey reveals that the price of beef has elevated by about 4.4% since final yr. Each proportion level could make a distinction, so I needed to take a look at the costs for some fundamentals within the space.
I priced the staples for a vacation barbeque utilizing the identical merchandise on-line at native shops, making an attempt to remain as near equally sized packaging as doable throughout the board, for 2 kilos of floor beef, hamburger buns, chips, lemonade and ice cream at Kroger, Meijer and Aldi.
Approximate totals:
Kroger: $23.66
Meijer: 18.14
Aldi: $17.22
Viewers are reminded that these costs aren’t set in stone, however will hopefully assist with planning.
