Good news for last minute American shoppers. It will still cost less than $50 to cook up a Thanksgiving feast on Thursday.
The American Farm Bureau Federation crunched the numbers and discovered dinner for 10 costs roughly $48.91.
That’s up a penny from last year’s average, and marks the first price jump since 2015.
Now in its 34th year, the bureau’s study collects data from 250 volunteers in 38 states who walked grocery store aisles to gauge prices on all of the fixings: turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries and a veggie tray, as well as pumpkin pie with whipped cream and coffee for dessert.
Prices are pretty similar when compared to 2018.
The centerpiece of the many meals, Turkey, dipped four percent. A 16-pound bird comes in at $1.30 per pound, its lowest level since 2010. On the flip side, a 12-pack of rolls saw the biggest price hike, from $2.25 last year, to $2.50 today.
Even with the influx of meal kit providers like Hello Fresh and Blue Apron, the AFBF found 92% of American celebrate Thanksgiving at their home or at a relatives, with an overwhelming majority choosing to cook the meal.
As millions prepare a sensational spread, those responsible for the growing the supplies are left with scraps. Of the $50 being spent on the meal, farmers only earn about $6.
You can point the finger at some of your favorite trimmings in your meal that are far from fresh ingredients. Take the classic canned cranberry sauce for example, farmers may receive a smaller share of the total food dollars from that sale of canned cranberry sauce because it needs additional cooking and processing, as well as marketing and advertising by the company selling the end product.