User Login    
 + Register
PDQ Cleaning
News : American Farm Bureau Says Cost Of Thanksgiving Meal Down From Last Year
Posted by Randy on 2013/11/15 5:39:29 (322 reads) News by the same author

The American Farm Bureau Federation’s 28th annual informal price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.04, a 44-cent price decrease from last year’s average of $49.48.

Click to see original Image in a new window

“The cost of this year’s meal, at less than $5 per serving, remains an excellent value for consumers,” said AFBF President Bob Stallman, a rice and cattle producer from Texas. “America’s farm and ranch families are honored to produce the food from our nation’s land for family Thanksgiving celebrations,” he said. “During this holiday season, many farmers and ranchers will be reaching out to consumers in-person or through social media, to answer questions about the food that they grow or the poultry and livestock they raise,” he added.

The AFBF survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, and beverages of coffee and milk, all in quantities sufficient to serve a family of 10. There is also plenty for leftovers.

The big ticket item – a 16-pound turkey – came in at $21.76 this year. That was roughly $1.36 per pound, a decrease of about 3 cents per pound, or a total of 47 cents per whole turkey, compared to 2012. The whole bird was the biggest contributor to the final total, showing the largest price decrease compared to last year.

Yearly Averages
1986 $28.74
1987 $24.51
1988 $26.61
1989 $24.70
1990 $28.85
1991 $25.95
1992 $26.39
1993 $27.49
1994 $28.40
1995 $29.64
1996 $31.66
1997 $31.75
1998 $33.09
1999 $33.83
2000 $32.37
2001 $35.04
2002 $34.56
2003 $36.28
2004 $35.68
2005 $36.78
2006 $38.10
2007 $42.26
2008 $44.61
2009 $42.91
2010 $43.47
2011 $49.20
2012 $49.48
2013 $49.04


“This year we can be thankful that Thanksgiving Dinner, a special meal many of us look forward to all year, will not take a bigger bite out of our wallets,” said John Anderson, AFBF’s deputy chief economist. “Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings. Slightly higher turkey production for much of the year coupled with an increase in birds in cold storage may be responsible for the moderate price decrease our shoppers reported,” he said.

Strategic shoppers may pay even less for frozen tom turkey compared to AFBF’s 167 volunteer shoppers who checked prices at grocery stores in 34 states.

“Special sales and promotions on turkey and other holiday food items will continue right up to Thanksgiving,” Anderson explained. “If you have the patience to wait until the last minute to buy a turkey you might come home with an exceptional bargain,” he said.

In addition to the turkey, other items that declined in price included a dozen brown-n-serve rolls, $2.18; one pound of green peas, $1.54; a 14-ounce package of cubed bread stuffing, $2.67; fresh cranberries, $2.42; a half pint of whipping cream, $1.85; and two nine-inch pie shells, $2.49.

Items that showed a moderate price increase from last year included three pounds of sweet potatoes, $3.36; one gallon of whole milk, $3.66; and a 30-ounce can of pumpkin pie mix, $3.10.

In addition, a combined group of miscellaneous items, including coffee and ingredients necessary to prepare the meal (onions, eggs, sugar, flour, evaporated milk and butter) increased to $3.20. A one-pound relish tray of carrots and celery increased to 81 cents.

The average cost of the dinner has remained around $49 since 2011. Further, Anderson noted that despite retail price increases during the last year or so, American consumers have enjoyed relatively stable food costs in general over the years, particularly when adjusted for inflation.

The stable average price reported this year by Farm Bureau for a classic Thanksgiving dinner tracks closely with the government’s Consumer Price Index for food eaten at home (available online at http://www.bls.gov/news.release/pdf/cpi.pdf), which indicates a 1 percent increase compared to a year ago.

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. Shoppers with an eye for bargains in all areas of the country should be able to purchase individual menu items at prices comparable to the Farm Bureau survey averages. Another option for busy families without a lot of time to cook is ready-to-eat Thanksgiving meals for up to 10 people, with all the trimmings, which are available at many supermarkets and take-out restaurants for around $50 to $75.

The AFBF survey was first conducted in 1986. While Farm Bureau does not make any scientific claims about the data, it is an informal gauge of price trends around the nation. Farm Bureau’s survey menu has remained unchanged since 1986 to allow for consistent price comparisons.

Item 2012 Price 2013 Price Difference
16-pound turkey 22.23 21.76 -.47

Rolls, 12 2.33 2.18 -.15

Green peas, 1 lb. 1.66 1.54 -.12

Cubed stuffing, 14 oz. 2.77 2.67 -.10

Fresh cranberries, 12 oz. 2.45 2.42
-.03

Pie shells (2) 2.51 2.49 -.02

Sweet potatoes, 3 lbs. 3.15 3.36 +.21

Pumpkin pie mix, 30-oz. 3.02 3.10 +.08

Milk, 1 gallon whole 3.59 3.66 +.07

1-pound relish tray (carrots and celery) .76 .81 +.05

Whipping cream, ½ pint 1.83 1.85 +.02

Misc. ingredients 3.18 3.20 +.02

TOTAL $49.48 last year versus this year $49.04 down .44

Printer Friendly Page Send this Story to a Friend Create a PDF from the article


Other articles
2014/10/24 10:28:48 - Solar Farm Topic Of Economic Development Meeting
2014/10/24 10:25:45 - Livingston County Library Encourages Reading To Young Children
2014/10/24 10:23:16 - Festival Of Trees Fund-Raiser Set For November 28th
2014/10/24 10:18:02 - Bogard Woman Seriously Injured In Accident
2014/10/24 10:13:53 - Unionville Man Injured In Accident South Of Unionville
2014/10/24 4:42:51 - 5 Ways To Tell If Someone Is Cheating On You
2014/10/24 4:29:07 - Six Bodies Identified After Decades In Oklahoma Lake
2014/10/24 4:24:30 - Peyton Manning Rips Broncos' Scoreboard Operator
2014/10/24 4:20:18 - How To Teach Kids To Be Nice Online
2014/10/24 4:14:12 - Police: Missouri Inmate Who Attempted Suicide Dies
2014/10/24 4:09:40 - 1 Taken To Hospital After Being Hit By Train
2014/10/24 4:05:48 - 8-Year Old Scores Touchdown, Team Fined $500, Coach Suspended
2014/10/23 10:42:45 - Disaster Declaration Requested For North Missouri Counties
2014/10/23 10:38:01 - THS Marching Band And Color Guard To Hold Recognition Program
2014/10/23 10:35:23 - Snow Removal Bids Sought
2014/10/23 6:38:04 - Trenton Chamber Ambassadors To Hold Annual Halloween Trick Or Treat Night
2014/10/23 6:30:41 - Chillicothe Firefighters Respond To Vehicle Fire
2014/10/23 6:26:35 - Meadville Teen Hurt In Accident East Of Laredo
2014/10/23 6:23:59 - Spickard Man Injured In Accident East Of Gallatin
2014/10/23 4:46:44 - Giant Gold Nugget To Be Sold In San Francisco
2014/10/23 4:30:00 - The Worst Things To Buy At Walmart
2014/10/23 4:17:35 - Iowa Man Pleads Guilty To Missouri Bank Robbery
2014/10/23 4:09:49 - UK Man Faked Coma For 2 Years To Avoid Court
2014/10/23 4:04:17 - Wife Of Wade Davis Forks Over World Series Tickets As Tip To Server
2014/10/23 4:00:50 - FBI Confiscates Hot-Selling Royals Panties
2014/10/22 6:42:06 - Missouri Livestock Symposium To Be Held In Kirksville December 5th
2014/10/22 4:52:49 - Dead Babies In Winnipeg Storage Unit 'Tragic Beyond Belief'
2014/10/22 4:43:12 - Two Sunken Vessels From World War II Were Just Found Off The North Carolina Coast
2014/10/22 4:34:36 - Partial Solar Eclipse to Darken US Skies Thursday
2014/10/22 4:26:06 - Homeless Man Victim Of Knock-Out Game Attack



Bookmark this article at these sites

                   

Listen to KTTN-FM