Morning Ag News, January 3, 2022: Consumer spending on food dropped 10 percent in 2020 - a podcast by MWC

During COVID-19 and the economic recession of 2020, the share of consumers’ disposable personal income spent on food dropped 10.1 percent from the previous year to 8.62 percent. The USDA says that’s the lowest share in the past 60 years.

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