The American Farm Bureau Federation was recently cited by ABC News for our informal survey conducted on the cost of Thanksgiving dinner. The average cost of this year’s meal for a family of 10 is $49.87, a decrease from $50.11 last year. Decreased turkey prices contribute to this year’s reduced cost. We found that a 16-pound turkey costs 30 cents less than it did last year.

"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," AFBF Director of Market Intelligence John Newton said.

For more on our survey results, check out our press release.