
It’s common knowledge that COVID-19 severely disrupted the food supply chain, but new information sheds light on how the pandemic widened the gap between what consumers pay at the store and what farmers receive for their products.
According to a report by the American Farm Bureau Federation, the farm-to-retail price spread hit record levels during the pandemic—particularly for the beef and pork industries.
“If you look at the farm-to-retail price spread for beef, in June it was $5.21 per pound, and that is the highest it’s been ever since the data was collected beginning back in 1970,” said Michael Nepveux, an AFBF economist. “You see a similar story in pork. So the farm-to-retail spread for pork hit its record in June at $3.65 per pound.”
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