Clements: After three years of declines, the cost of a traditional homemade Thanksgiving Day meal is up once cent, according to the American Farm Bureau Federation. AFBF Chief Economist John Newton says the annual survey found the cost is still less than $5.00 per person.
Newton: Our survey shows that this year the cost of a Thanksgiving dinner remains in line with prior year levels. The cost for a dinner for ten came in at $48.91. That’s once cent higher than what we saw in last year’s survey.
Clements: Newton says the survey includes many staples of the Thanksgiving Day meal.
Newton: We include the cost of potatoes, pumpkin pie mix, pie shells, green beans, peas, stuffing, all the fixings that you need to make a homemade meal on Thanksgiving. And this year, the cost of the turkey came down to $20.80 for a 16-pound turkey. That’s down 90 cents, or four percent, from prior year levels for that 16-pound bird.
Clements: Because Americans enjoy the most affordable food supply in the world, Newton says additional menu items are affordable.
Newton: The average American doesn’t know that eight percent, or eight cents of every dollar that they spend on food goes back to the farmer. And because food is so affordable in America, it’s easy to buy all the extra fixings that you want, or even buy things like an organic turkey, or additional brining, or any of those factors on your Thanksgiving meal.
Clements: Micheal Clements, Washington.