Role of Food Prices in Inflation: Hearing Before the Subcommittee on Domestic Marketing, Consumer Relations, and Nutrition of the Committee on Agriculture, House of Representatives, Ninety-fifth Congress, Second Session, July 25, 1978
United States. Congress. House. Committee on Agriculture. Subcommittee on Domestic Marketing, Consumer Relations, and Nutrition
U.S. Government Printing Office, 1978 - Electronic books - 153 pages
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action ADERs administration agree Agriculture American annual areas average beef bill Bolling Bosworth cattle Chairman changes committee compared concerned Congress consumer continue costs demand Department dollar domestic economy effect example expected expenditures fact factors farm farmers figures food price increases food prices fruits going Government grain GRASSLEY groups happened hearing higher Hjort House impact important income industry inflation interest Koch labor less look major market basket mean meat million months overall packaging PANETTA percent percentage period problem processing profits question reason recent relatively represent reserve result retail RICHMOND rise situation spend Stability statement subcommittee sugar supermarket supply Table talking testimony Thank thing United VolkMER week York
Page 3 - House (except the Committee on Rules) shall make public announcement of the date, place and subject matter of any committee hearing at least one week before the commencement of the hearing.
Page 79 - ... Citizen Action Group initiated such a program in Hartford which has been enthusiastically received by farmers and consumers alike. Grass roots direct marketing efforts are stimulated by buyers' guides such as the one prepared by former Pennsylvania State Secretary of Agriculture, James McHale. That guide is published in seven versions, one for each agricultural region of Pennsylvania. According to McHale, direct marketing already represents about 87. of the farm sales of his state. Much recent...
Page 3 - The committee and each subcommittee shall make public announcement of the date, place and subject matter of any committee hearing at least one week before the commencement of the hearing. If the committee determines that there is good cause to begin the hearing sooner, it shall make the announcement at the earliest possible day.
Page 2 - ... end, although food prices are a factor in inflation, we can find a balance between fair consumer prices and fair prices on the farm. Thank you, Mr. Chairman. Mr. RICHMOND. Thank you. Mr. Symms? OPENING STATEMENT OF HON. STEVEN D. SYMMS, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF IDAHO Mr. SYMMS. Thank you very much, Mr. Chairman. I look forward to these hearings. I would like to make a comment first. The real problem in the food industry is not the producers or the retailers or the distributors...
Page 143 - ... July 25, 1978 Good afternoon. My name is Bruce Ratner, and I am the Commissioner of the New York City Department of Consumer Affairs. The Department was created by the New York City Council in 1968 and is charged with protecting and educating the city's consumers, as well as enforcing laws related to the sale and offering for sale of goods and services within New York's five boroughs.
Page 85 - Retailers' expenditures on trading stamps, games, prizes, and other things are also large and increase the food bill. Banning the use of chances, games and prizes In connection with the sale of food, in addition to eliminating fraud and deception involved therein, would reduce food prices and enable consumers to obtain more satisfaction for for their money. The goal is to lower food prices by reducing forms of promotion that have little to do with nutrition or other food values supplied to consumers.
Page 27 - To some extent, the overall effect of this increase was offset by an increase in the proportion of the population over 65 years of age, since these individuals tend to consume less of most food products than other adults.
Page 85 - ... of all food advertising. Naturally, these 50 companies are the only ones that can afford "prime time" advertising costs, which can exceed $100,000 per minute. The consumer task force of the 1969 White House Conference on Food, Nutrition and Health declared that: One of the most significant ways by which food industry costs and retail food prices might be lowered... is the reduction of expenditures for promotion. Where meaningless product differences exist, advertising designed to sway consumers...
Page 83 - ... an offer. In addition, passage of pending legislation to overturn the Illinois Brick decision would provide an additional layer of accountability by allowing direct and indirect customers to sue for antitrust violations, including price-fixing. Advertising Advertising now accounts for more than 3% of the food marketing bill. Some of it is price specific but most of it is directed at "product differentiation.