Farm Bureau finds Thanksgiving meal costs about the same as last year

An American Farm Bureau survey says the cost of the traditional Thanksgiving dinner has remained steady. Economist John Newton tells Brownfield, “The average cost of the Thanksgiving dinner for ten is at $48.91. That’s up one penny from what we saw last year. the average price of a turkey across the country was $1.30 per pound. That was down 4% from what we saw last year.”

Newton says their annual Market Basket Survey for Thanksgiving dinner looks at fourteen common food items, and it’s not just turkey and stuffing. “One of the other things our survey showed was that 50% of folks have ham as well on their Thanksgiving.”

Newton says Americans can enjoy a high-quality meal for an affordable price all year, which is something to be thankful for. “Eight cents of every dollar goes to the farmer. I think a lot of folks don’t realize that, and they need to give thanks for what the American farmers do them to make sure everybody has food on their table this holiday.”

Newton says Farm Bureau expanded the study this year, and found 95% of Americans eat Thanksgiving dinner at home and prepare most of the items themselves instead of buying prepared foods. 

In Wisconsin, the cost of the items was lower for everything but pumpkin pie filling, stuffing, and frozen peas. 

AFBF’s John Newton discusses Thanksgiving Marketbasket Survey with Brownfield’s Larry Lee

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