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American Egg Board Expenditure in Fiscal 2019

04/07/2020

The annual report of the American Egg Board details income and expenditure for the most recently completed Fiscal year.  In 2019, total revenue was $25.00 million, virtually the same as in 2018, with assessments [check-off payments] representing 98 percent of revenue. Annual expenditure was $29.18 million, one percent higher than expenses in FY 2018.  Expenditure exceeded revenue by $4.18 million. 

 

Program expenses including the proportion [in parentheses] included; -

  • Consumer marketing $15.0 million [51.5 percent]
  • Industry programs $540,000 [1.9 percent]
  • State support $618,000 [2.1 percent]
  • Food service development $3.95 million [13.5 percent]
  • Eggs in schools $783,000 [2.7 percent]
  • Exports $1.01 million [3.5 percent]
  • Egg product marketing $1.41 million [4.8 percent]
  • Egg nutrition center $4.24 million [14.5 percent]

 

It is noted that overhead expenses including administration, board meetings, and USDA remittances amounted to $1.5 million, representing 5.1 percent of total expenses, considered reasonable and low in relation to a large non-profit

 

Oversight of the American Egg Board is the responsibility of the Agricultural Marketing Service of the USDA.  The annual budget is approved by the USDA and by the Board of Directors of the American Egg Board.

 

In 2018 U.S. per capita consumption was 290.1 eggs, a 2.1 percent increase over 2018.  In 2019, USDA estimate consumption at 292.1 eggs and the projection for  2020 is 295.7.

 

USDA data show an increase in retail sales of eggs, expressed in 30-dozen cases during 2018 as 159.8 million, increasing by 3.6 percent to 165.5 million cases in 2019. From 2018 to 2019, breaker eggs increased by 2.2 percent from 2018 to 2019 to a total of 82.9 million cases.  Institutional sales amounting to 19.3 million cases was static over the two-year comparison. In 2019 exports increased by 2.7 percent to 7.6 million cases or 2.8 percent of  total U.S. production representing approximately 10 million hens.