According to The American Farm Bureau Federation, the cost of your Thanksgiving Day Dinner has decreased by 44 cents this year compared to last year.
"The cost of this year's meal, at less than $5 per serving remains an excellent value for consumers. America's farm and ranch families are honored to produce the food from our nation's land for family Thanksgiving celebrations," AFBF President Bob Stallman said in a statement announcing results of AFBF's annual Thanksgiving meal survey.
This is the American Farm Bureau Federation's 29th annual informal price survey and includes all the traditional trimmings on your holiday table including the most revered – a 16-pound turkey.
"This year we can be thankful that Thanksgiving Dinner, a special meal many of us look forward to all year, will not take a bigger bite out of our wallets," said John Anderson, AFBF's deputy chief economist.
"Most Americans will pay about the same as last year at the grocery store for a turkey and all the trimmings. Slightly higher turkey production for much of the year coupled with an increase in birds in cold storage may be responsible for the moderate price decrease our shoppers reported," he said.
Other items that declined in price slightly included a dozen brown-n-serve rolls, green peas, fresh cranberries, a half pint of whipping cream and pre-made pie shells. While some items on the table and needed for preparation of the meal did increase in price, such as sweet potatoes, a gallon of whole milk and a 30-ounce can of pumpkin pie mix, the average cost of the Thanksgiving day meal has remained around $49 since 2011.
The American Farm Bureau completes this survey every year in an attempt to inform consumers that they still have unparalleled access to food. Since everyone thinks about food at Thanksgiving, it is a great time to catch their attention about food prices.