Value of American Thanksgiving up 20% year over year | Mississippi News

The American Farm Bureau Federation’s annual survey shows families are spending more this holiday season.

According to Farm Bureau’s 37th annual survey of the cost of a Thanksgiving meal for 10 people in the United States, the average American family will spend 20% more this holiday than last year.

Turkey, the centerpiece of most Thanksgiving dinners, is up from last year at $28.96 for a 16-pound bird, according to the Farm Bureau. That’s $1.81 per pound, up 21% from last year, due to a number of factors outside of general inflation.

The Farm Bureau says its “volunteer shoppers” check prices between Oct. 18 and 31, before most grocery chains start offering whole frozen turkeys at steeply discounted prices.

Other individual prices checked by the Farm Bureau all rose, wait for one — cranberries. Here is their list:

  • 16-pound turkey: $28.96, or $1.81 per pound (up 21%)
  • 14 oz bag cubed stuffing mix: $3.88 (up 69%)
  • 2 frozen pie crusts: $3.68 (up 26%)
  • Half pint of cream: $2.24 (up 26%)
  • 1 pound frozen peas: $1.90 (up 23%)
  • 1-lot dinner rolls: $3.73 (up 22%)
  • Various. Ingredients to make the dish: $4.13 (up 20%)
  • 30 oz Pumpkin Pie Mix: $4.28 (up 18%)
  • 1 gallon whole milk: $3.84 (up 16%)
  • 3 pounds of sweet potatoes: $3.96 (up 11%)
  • 1-pound bowl of vegetables (carrots and celery): 88 cents (up 8%)
  • 12-ounce bag fresh cranberries: $2.57 (reduced 14%)

The Farm Bureau says their analysis found regional differences in food prices.

The classic meal was most affordable in the South at $58.42, followed by $64.02 in the Northeast, $64.26 in the Midwest and $71.37 in the West.

The extended meal (the classic meal plus ham, green beans and russet potatoes) was the most affordable in the South at $74.90, the Midwest at $81.53, the Northeast at $82.76 and the West at $88.55.

“General inflation, which has reduced consumer purchasing power, is a significant factor driving the average price of a Thanksgiving meal this year,” said Roger Cryan, chief economist at the American Farm Bureau Federation. “Farmers are working hard to meet growing demands for food, both in the United States and globally, while facing rising costs of fuel, fertilizer and other inputs.”

The Farm Bureau also notes that after their “voluntary buyers” completed this annual assignment, the average price per pound of whole frozen turkeys for the week of Nov. 3-9 was $1.11 and 95 cents per week, according to USDA Agricultural Marketing Service data. November 10-16, down 14% in just one week; the share of stores offering special prices increased from 29% to 60%. That means consumers who haven’t bought turkeys yet should be able to find turkeys for less than the Farm Bureau average.

You can read about the Farm Bureau’s annual holiday spending tracking here.