I just found out that the price of wheat right now is about the same as it was in 1972. $4.86 a bushel. A loaf of bread in 1972 cost 25 cents.
Bread has gone up by a factor of ten since then, but the farmer has gotten none of that money. Something is seriously wrong with a system where those who produce our food can barely afford to buy it themselves without going deeper and deeper into debt every year.
A bushel of wheat can make at least 50 loaves of bread, which means the cost of the wheat in a loaf of bread is only about ten cents. In other words, we could pay our farmers double, and the price of bread would barely rise.
As President I am going to transform our system of ag regulations and farm subsidies so that farmers get their fair share and can thrive. #Kennedy24
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