Thanksgiving Dinner Cost Soars 20% From 2021, Biden Admin Blames Climate Change & Putin

1.) Farm Bureau Survey Shows Thanksgiving Dinner Cost Up 20%

“The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird.

That’s $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. Farm Bureau “volunteer shoppers” checked prices Oct. 18-31, before most grocery store chains began featuring whole frozen turkeys at sharply lower prices.

According to USDA Agricultural Marketing Service data, the average per-pound feature price for whole frozen turkeys was $1.11 the week of Nov. 3-9 and 95 cents the week of Nov. 10-16, a decline of 14% in just one week; and the share of stores offering feature prices rose from 29% to 60%.

This means consumers who have not yet purchased a turkey should be able to find one at a lower cost than the Farm Bureau average.

“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” said AFBF Chief Economist Roger Cryan. General inflation has been running 7% to 9% in recent months, while the most recent Consumer Price Index report for food consumed at home reveals a 12% increase over the past year.

“Other contributing factors to the increased cost for the meal include supply chain disruptions and the war in Ukraine,” Cryan said. “The higher retail turkey cost at the grocery store can also be attributed to a slightly smaller flock this year, increased feed costs and lighter processing weights.” Cryan said the supply of whole turkeys available to consumers should be adequate this year, although there may be temporary, regional shortages in some states where avian influenza was detected earlier this year.

“Farmers are working hard to meet growing demands for food – both here in the U.S. and globally – while facing rising prices for fuel, fertilizer and other inputs,” said Cryan.

SOURCE : https://www.fb.org/newsroom/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-20


1a.) View a comparison of prices from the 2021 and 2022 AFBF Thanksgiving Dinner Cost Surveys in addition to historical average costs for the meal since 1986 here.

SOURCE : https://www.fb.org/files/Year_Over_Year_Price_Comparison_22.pdf



2.) UPDATE: Survey Shows Thanksgiving Dinner Cost Up 14%
By Jody Heemstra
Nov 22, 2021 | 6:43 PM

AFBF senior economist Veronica Nigh says shoppers should expect to pay a little over $50 this year.

Despite the 14% increase from the 2020 average of $46.90, Nigh says the price-per-person is still low.

This is less than $6 per person, despite the fact that we saw a 14% increase in 2021 relative to 2020. That’s obviously a sizeable increase, and I think it’s important to break that down just a little bit. Of the overall Thanksgiving market basket, about 45% of the cost is related to the cost of turkey. So, when we take turkey out, the average increase in the cost of all the other ingredients was about 6.6% relative to 2020.”

Nigh points out that Farm Bureau shoppers checked prices between Oct. 26 and Nov. 8, 2021.

That’s about two weeks before most grocery store chains began their turkey markdowns for Thanksgiving. However, that isn’t the only factor impacting the higher cost this year.

“Overall inflation in the economy, at over 6.2%, is certainly adding to the cost of all products in the U.S. economy, not just food products.

We’ve seen unprecedented changes in consumer behavior, in supply chains across all facets of U.S. life. So, one of those elements is that once the pandemic began, we saw a significant shift with more consumers eating a larger share of their food at home, versus away from home.

That has an impact on food prices.”

SOURCE : https://drgnews.com/2021/11/22/farm-bureau-survey-shows-thanksgiving-dinner-cost-up-14/

What a bunch of hogwash!

We always get what we vote for.