Dave Miller, the Farm Bureau’s research director, says the cost of the traditional holiday meal for ten people is only up 37-cents from last year.
“The Thanksgiving feast is basically stable in cost at about $49.41,” Miller says. “We’ve been within about a 20-cent range on the cost of that meal for the last four years,” Miller says.
The survey checks the price of turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of celery and carrots, pumpkin pie with whipped cream, and beverages of coffee and milk.
“The biggest ingredient is the turkey, and it was actually down 11 cents from a year ago,” Miller says. “The biggest upside was probably the sweet potatoes that were up 20 cents for three pounds of sweet potatoes, so up about six cents a pound.”
Commodity prices have dropped dramatically in the last year and Miller says there was some impact.
“It doesn’t show up a lot, although the pie shells were actually down seven cents, the rolls were down a penny, the stuffing was down 13 cents. So, those things that were grain-related were all down in price,” Miller says. “The things that tended to be up in price were the things that tended to be more dairy and livestock related.”
The turkey averaged $21.65 or $1.35 per pound.
At just under $50 for 10 people, the cost of the meal is about $5 per plate. This marks the Farm Bureau’s 29th annual study of the cost of the Thanksgiving meal.