Friday, November 18, 2016

Cost of Thanksgiving meal for 10 has declined in past year, Farm Bureau says

Average prices (AFBF graphic)
It should cost less to host Thanksgiving this year, according to a survey by the American Farm Bureau Federation. The annual report shows that the average cost this year to feed 10 people will be $49.87, down from $50.11 in 2015. The average price of a 16 pound turkey this year is $22.74, about two cents per pound less than last year.

Dr. John Newton, AFBF director of market intelligence, said in a statement: "Consumers will pay less than $5 per person for a classic Thanksgiving dinner this year. We have seen farm prices for many foods, including turkeys, fall from the higher levels of recent years. This translates into lower retail prices for a number of items as we prepare for Thanksgiving and confirms that U.S. consumers benefit from an abundant, high-quality and affordable food supply."

The survey meal includes enough turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk to serve 10 people, with plenty of leftovers, states AFBH. (Read more)

1 comment:

Brad Wilson said...

Whoa? They're saying that's a good thing? Farm prices below full costs and headed downward, net farm income projected to fall to less than half of what it was during the 1940s, for a decade?!?!