The cost of a Thanksgiving Dinner for 10 has reduced by 24 cents to $49.87, according to the American Farm Bureau Federation's 31st annual informal price survey of classic items found on the Thanksgiving Day dinner table.
The big ticket item - a 16-pound turkey - came in at a total of $22.74 this year. That's roughly $1.42 per pound, a decrease of 2 cents per pound, or a total of 30 cents per whole turkey, compared to 2015.
"Consumers will pay less than $5 per person for a classic Thanksgiving dinner this year," AFBF Director of Market Intelligence Dr. John Newton said. "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 AFBF survey shopping list 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.
Although the classic Thanksgiving meal priced by Farm Bureau is considered modest by some, "we're fortunate to live here in America, where many people are able to enhance their holiday meals with another type of meat or additional side dishes or desserts," Newton said.
A total of 148 volunteer shoppers checked prices at grocery stores in 40 states for this year's survey. Farm Bureau volunteer shoppers are asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals, such as spending $50 and receiving a free turkey.
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