FARM BUREAU STUDY: THANKSGIVING DINNER COST THE LOWEST IN FIVE YEARS

NOVEMBER 2017

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https://www.fb.org/newsroom/farm-bureau-survey-reveals-lowest-thanksgiving-dinner-cost-in-five-years.   American Farm Bureau Federation’s 32nd annual price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 …">

(Posted Mon. Nov 20th, 2017)

The following piece originally ran as a news story created and distributed by the American Farm Bureau Federation at: https://www.fb.org/newsroom/farm-bureau-survey-reveals-lowest-thanksgiving-dinner-cost-in-five-years.

 

American Farm Bureau Federation’s 32nd annual price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.12, a 75-cent decrease from last year’s average of $49.87.

 

The big ticket item – a 16-pound turkey – came in at a total of $22.38 this year. That’s roughly $1.40 per pound, a decrease of 2 cents per pound, or a total of 36 cents per whole turkey, compared to 2016.

 

“For the second consecutive year, the overall cost of Thanksgiving dinner has declined,” AFBF Director of Market Intelligence Dr. John Newton said. “The cost of the dinner is the lowest since 2013 and second-lowest since 2011. Even as America’s family farmers and ranchers continue to face economic challenges, they remain committed to providing a safe, abundant and affordable food supply for consumers at Thanksgiving and throughout the year.” 

 

The shopping list for Farm Bureau’s informal survey includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.

 

To read the rest of the story, go to: After adjusting for inflation, the cost of a Thanksgiving dinner is $20.54, the lowest level since 2013.