Www.gmaonline.org Agriculture Outlook Forum 2011 Scott Faber Vice President for Federal Affairs Grocery Manufacturers Association.

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Presentation transcript:

Agriculture Outlook Forum 2011 Scott Faber Vice President for Federal Affairs Grocery Manufacturers Association

Grocery Manufacturers Association * Represents a sample of GMA’s Members

Consumer Packaged Goods 1.7 million direct jobs or 14% of U.S. manufacturing jobs The industry as a whole supports 14 million jobs $600 billion in sales or 4% of GDP

Consumer Packaged Goods Export to more than 200 Countries

Feeding Americans for Less Food Expenditures by Country *2006, as share of household final consumption expenditures, source: USDA

Hunger is a Growing Challenge Households

Commodity Prices are Rising Nearby Daily Corn Futures Feb 2006-Feb 2011 USDA Projects Corn $5.05- $5.75/bu, a record

Domestic Food Prices Rising USDA Projects 2-3% rise in domestic retail food prices during 2011 – with higher rates for milk, meat and eggs 2009: The Congressional Budget Office estimates ethanol contributed 10-15% of rise in domestic food prices between April 2007-April 2008 – added $600-$900 million to cost of federal feeding programs in FY 2009 Cost of Staples on the Rise

Domestic Food Prices Rising Consumer Price Index-Food at Home =100 Consumer Price Index-Food at Home Year Average Percent Change USDA Projection for 2011= 3-4% increase

Ethanol’s Growing Share of the Corn Crop Ethanol will consume 40% of the corn crop this year

Feeding Assistance: More Important Than Ever

SNAP Stimulates Spending Economic Value for Each Dollar Spent Source: Marc Zandi from Moody’s Economy.com

SNAP Supports Healthy Diets

SNAP Supports Healthy Diets

Proven Solutions

Industry: Doing Our Part New Recipes Calorie Commitment

Convenience & Choice

Industry: Doing Our Part New Recipes Calorie Commitment Nutrition Keys Label

Nutrition Keys

Roadmap for 2011 Access Affordable Activity

Contact Information Scott Faber (202)