Key concepts and terms in the Food Dollar Series:
Annual tables: All annual statistics for the primary series—marketing bill, industry group, primary factors—are reported in six annual tables: food dollar, food-at-home dollar, food-away-from-home dollar, food and beverage dollar, home food and beverage dollar, and away food and beverage dollar.
Commodity tables: Detailed food and beverage dollar statistics that are only available in the benchmark years of 1997, 2002, 2007, and 2012 are reported in 16 benchmark year tables: cereals; bakery products; beef, pork, and other meats; poultry; fish and seafood; fresh milk; processed dairy products; eggs; fats and oils; fresh fruits; fresh vegetables; processed fruits and vegetables; sugar and sweets; other foods; nonalcoholic beverages; and alcoholic beverages.
Farm share: Producer value of total annual farm commodity sales that are linked to annual food dollar expenditures, excluding farm commodities purchased directly or indirectly by other farm operations.
Food dollar: Total annual market value for all purchases of domestically produced food by persons living in the United States.
Imports: Food and nonfood commodities imported from international sources and used by U.S. food supply chain industries producing for the U.S. market.
Industry group: A collection of establishments producing the same or similar output products or subcontracting to these establishments to support the production of output products.
Industry group value added: The compensation charged by all establishments in an industry group to buyers of their products for the services provided by the industry group's primary factors of production.
Market value: Price paid by a consumer for the purchase of a consumer good.
Marketing bill: The market value of all post-farm processes of food dollar, supply chain industries measured as the difference between food dollar expenditures and farm share commodity sales.
Nominal value: The dollar value of products and/or services purchased or appraised, based on prevailing prices at the time of purchase or appraisal (as opposed to “Real value”; see definition below).
Output taxes: The value of excise, sales, property, and severance taxes (less subsidies), customs duties, and other nontax government fees levied on establishments.
Primary factors of production: Assets such as labor, machinery and equipment, physical structures, land and other natural resources, and intellectual property that are employed or operated by an industry group toward fulfilling the demand for the industry product.
Property income: The pretax income or capital gain accruing to owners of nonlabor primary factors of production.
Producer value: Compensation received by a producer for the sale of their products.
Real value: The dollar value of products and/or services purchased or appraised, based on prevailing prices during a specific time period (as opposed to “Nominal value”; see definition above).
Salary and benefits: The pretax employee wages, plus employer and employee costs, for employee benefits.
Supply chain industry: Any industry dedicating resources and/or processes towards fulfilling the demand for a product.
Value added: For establishments contributing to the U.S. food supply, value added for an establishment equals the proceeds from the sale of outputs minus the outlays for commodities purchased from other establishments. The sum of value added by all establishments that contribute to total food dollar purchases equals $1. The industry group and primary factor series are based on this value-added concept.