Are you dreaming of stuffing, gravy and turkey? Your wait is almost over. In advance of the holiday, American Farm Bureau Federation has released its annual price survey of classic items found on the Thanksgiving Day dinner table.

The 32^nd annual price survey found the average cost of this year’s feast for 10 is $49.12, a 75-cent decrease from last year’s average of $49.87. 

The big ticket item – a 16-pound turkey – came in at a total of $22.38 this year. That’s roughly $1.40 per pound, a decrease of 2 cents per pound, or a total of 36 cents per whole turkey, compared to 2016. 

“For the second consecutive year, the overall cost of Thanksgiving dinner has declined,” AFBF Director of Market Intelligence Dr. John Newton said. “The cost of the dinner is the lowest since 2013 and second-lowest since 2011.”

The shopping list for Farm Bureau’s informal survey 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.

Consumers continue to see lower retail turkey prices due to continued large inventory in cold storage, which is up almost double digits from last year, Newton explained. 

Foods showing the largest decreases this year in addition to turkey, include:

“Milk production has increased, resulting in continued low retail prices,” Newton said. “In addition, grocers often use milk as a loss leader to entice consumers to shop at their stores.”

Items that increased modestly in price:

“Whole whipping cream is up about 4% in price, due to increased consumer demand for full-fat dairy products,” Newton said.

The stable average price reported this year by Farm Bureau for a classic Thanksgiving dinner tracks with the government’s Consumer Price Index for food eaten at home. But while the most recent CPI report for food at home shows a 0.5% increase over the past year, the Farm Bureau survey shows a 1.5% decline. 

A total of 141 volunteer shoppers checked prices at grocery stores in 39 states for this year’s survey. Farm Bureau volunteer shoppers are asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals, such as spending $50 and receiving a free turkey.

Shoppers with an eye for bargains in all areas of the country should be able to purchase individual menu items at prices comparable to the Farm Bureau survey averages. Another option for busy families without a lot of time to cook is ready-to-eat Thanksgiving meals for up to 10 people, with all the trimmings, which are available at many supermarkets and take-out restaurants for around $50 to $75.

The AFBF Thanksgiving dinner survey was first conducted in 1986. While Farm Bureau does not make any scientific claims about the data, it is an informal gauge of price trends around the nation. Farm Bureau’s survey menu has remained unchanged since 1986 to allow for consistent price comparisons.

Turkey Trivia

If you’re looking for something to talk about around the Thanksgiving table, here’s some turkey trivia.

Source: AFBF