Thanksgiving Dinner Costing More This Year
Cost for a family of 10 is up 14% from last year
LINCOLN, Neb. (KLKN) – Buying typical Thanksgiving meal items is costing consumers more this year. The American Farm Bureau Association says for a family of 10 they can expect to spend about $53, up 14% from last year.
And the turkey alone is costing families almost 25% more than last year. For a 16 pound bird the price is about $24. But why is this? Jay Rempe, a Sr. Economist for the Nebraska Farm Bureau said it’s, “Because of the higher corn prices, higher feed costs, we didn’t produce as many turkeys and so we’ve got good demand, people are back gathering with their families, they’re going to have bigger family gatherings and meals, and so we got a stepped up demand for turkey, but we don’t quite have the supply we’ve had in years past.”
While Christmas is more than a month away Jay says it’s also time to start planning your Christmas dinners. He expects hams to have similar issues like the turkeys. He recommends shopping early to avoid last minute rushes, which will increase costs.