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Food Retailers Troubled By This Chart
Food Retailers Troubled By This Chart
Consumer staples and food retail equity analyst Scott Marks at Jefferies told clients Saturday that one of the most concerning charts for food retailers is the sharp decline in average benefits per SNAP participant under the Trump administration, as the USDA intensifies efforts to root out fraud, waste, and abuse.
SNAP's elevated payment error rates are setting up a new fiscal fight between the Trump administration and states.
Marks said food retailers are caught in the crosshairs:
SNAP error rates set up state cost-sharing showdown. USDA...
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Rep. Jim Jordan (R-Ohio) during a hearing on Capitol Hill on March 4, 2026. Madalina Kilroy/The Epoch Times
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