Why are turkey prices down?
Farmers are working to rebuild turkey flocks after avian influenza outbreaks, and overall demand has also fallen.
Finance / Personal Finance
While the cost of Thanksgiving dinner has decreased slightly for the third consecutive year, Americans are still feeling the pinch of high food prices. The American Farm Bureau Federation (AFBF) reports a 5% decrease in the cost of a tradit...
The AFBF has been surveying the cost of a traditional Thanksgiving dinner since 1986, providing consistent price comparisons over the years. This year’s survey includes 10 servings of turkey, stuffing, sweet potatoes, rolls, peas, cranberries, a veggie tray, and pumpkin pie with whipped cream.
While the drop in turkey prices offers some relief, the increased costs of other ingredients highlight the ongoing challenges in the agricultural sector. Factors contributing to these increases include:
It’s important to note that even small increases in the price of traditionally low-cost items can significantly affect the overall cost change percentage year-to-year.
**How to Prepare:**
**Who This Affects Most:**
Farmers are working to rebuild turkey flocks after avian influenza outbreaks, and overall demand has also fallen.
Factors like natural disasters, supply chain disruptions, and rising farm labor costs have contributed to price increases for items like sweet potatoes and veggie trays.
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