{"id":91542,"date":"2025-02-16T11:18:46","date_gmt":"2025-02-16T11:18:46","guid":{"rendered":"https:\/\/peraltafinancing.com\/agriculture\/the-cost-of-producing-food-2\/"},"modified":"2025-02-16T11:18:46","modified_gmt":"2025-02-16T11:18:46","slug":"the-cost-of-producing-food-2","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=91542","title":{"rendered":"The Cost of Producing Food"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<h3>The cost of buying food<\/h3>\n<p>The current state of food inflation is not limited to just Canada. In fact, it\u2019s a global phenomenon and it impacts some parts of the world more strongly than others. Even though our food prices have increased considerably, Canadians overall spent approximately 11 per cent or $0.11 of each dollar of their disposable income on food in 2022. Not every Canadian has the same experience, though, when it comes to paying for food. Canadians with the lowest income spent 23.1 per cent of their disposable income on food, compared to only 5.2% for the highest income Canadians. Compare that figure to Mexico at 26.2 per cent, India at 32.1%, and Nigeria at 59 per cent47 and imagine how different your life would be if you had to spend that much of your income on food. Canada is known around the world as a leading food-producing nation. Our size, our climate and our natural resources make Canada ideally suited to agriculture and we are lucky enough to be able to produce much more of some foods than we can consume. We are a major exporter of staple crops like canola, wheat and pulses but also of beef and pork, for example, supplying countries who aren\u2019t as self-sufficient as we are when it comes to food production.<\/p>\n<h3>What is supply management?<\/h3>\n<p>To organize the production of eggs, chicken, turkey, and dairy products in Canada, farmers use a system called \u201csupply management\u201d. It lets farmers across Canada match their production to Canadian demand, so consumers have a reliable supply of fresh, high-quality food at a reasonable price, and farmers receive fair and stable returns for their work. Supply management does not set retail or restaurant prices for poultry, eggs, or dairy products, but it does ensure farmers receive sufficient compensation that considers the average cost of production.<\/p>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The cost of buying food The current state of food inflation is not limited to just Canada. In fact, it\u2019s a global phenomenon and it impacts some parts of the world more strongly than others. Even though our food prices have increased considerably, Canadians overall spent approximately 11 per cent or $0.11 of each dollar [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":91543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12026],"tags":[11488,2074,41794],"dealstore":[],"offerexpiration":[],"class_list":["post-91542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agriculture","tag-cost","tag-food","tag-producing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Cost of Producing Food - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=91542\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cost of Producing Food - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"The cost of buying food The current state of food inflation is not limited to just Canada. In fact, it\u2019s a global phenomenon and it impacts some parts of the world more strongly than others. 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