Federal cuts to the Supplemental Nutrition Assistance Program (SNAP) will greatly affect grocery stores, especially those heavily reliant on food assistance sales. The cuts amount to $186 billion over the next decade, representing a 20% reduction in benefits, the largest in SNAP's history. Grocery store owners, like Lupe Lopez, expect significant losses, estimating about $500,000 in annual revenue decline at her Gilroy location. To cope, stores may raise prices or adjust inventory, although quality will be prioritized. The cuts will also affect the wider community, reducing funds that circulate through local economies.
"It's going to impact everyone, not just grocery stores. The amount of money that the food stamps represent is huge, and that amount of money stays in the community."
"CalFresh accounts for roughly 15% of sales in my Gilroy store. I anticipate losing about $500,000 annually at this location."
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