Americans will be giving thanks this week for a less expensive Thanksgiving dinner on their tables, according to the annual survey from American Farm Bureau Federation (AFBF).
The American Farm Bureau Federation’s 31st 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 $49.87, a 24-cent decrease from last year’s average of $50.11.
The biggest drop was in the center of the plate. The price of a 16-pound turkey came in at a total of $22.74 this year – down two cents per pound from a year ago 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.
Foods showing the largest decreases this year in addition to turkey were pumpkin pie mix, milk and a veggie tray comprised of celery and carrots. A 30-ounce can of pumpkin pie mix was $3.13; a gallon of milk, $3.17; a one-pound veggie tray of celery and carrots, $0.73; and a group of miscellaneous items including coffee and ingredients necessary to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour), $2.81.