Farm production accounted for 6.7 cents per U.S. Food Dollar in 2024

In 2024, value added by farm establishments in the United States was 6.7 cents per dollar spent on all domestically produced food, represented in the Food Dollar. Contributing to this amount were crops (2.5 cents), livestock (3.3 cents), and forestry, fishing, and agricultural services (0.9 cents). These shares of value added, reported in the Food Dollar industry group bill, are the net proceeds by each industry group after deducting expenses paid to other industry groups. The shares depend on factors such as the mix and prices of commodities used in production, as well as the mix of food in consumer spending. USDA, Economic Research Service (ERS) updated the Food Dollar in 2026 using a new model. Compared to the previous model, the new model splits farm production into three industry groups, giving a more detailed view of the contributions of farm production to the domestic value chains that produce the food U.S. consumers buy at places like grocery stores and restaurants. Results from this model are not directly comparable to previous releases. The data for this chart can be found in the ERS Food Dollar data product, updated March 10, 2026.