Tuesday, December 7, 2021
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Why Thanksgiving dinner could cost more this year


With turkey rates rising, Thanksgiving supper this yr may conclusion up becoming one particular of the priciest vacation meals on record.

According to the American Farm Bureau’s yearly Thanksgiving evening meal survey, a holiday getaway feast for a household of 10 that includes turkey, stuffing, sweet potatoes and pumpkin pie will charge $53.31, a 14% maximize about very last year. A 16-pound turkey will price $4.60 extra than a 12 months back.

That value hike is thanks, in section, to U.S. turkey farmers currently being battered by provide chain issues, which include labor shortages in processing vegetation and better fees, including on feed, transportation and packaging supplies.

The wholesale price of frozen whole tom turkeys weighing 16 to 24 lbs was $1.36 for every pound as of Nov. 19, 18% increased than a 12 months previously.  

And according to analysts, turkeys are also in shorter offer.

“1 factor that you probably will detect at the grocery keep this 12 months is additional bare shelves, as we go into the holiday year,” explained Trey Malone, an agricultural economist at Michigan Condition College. “That isn’t going to automatically suggest that we have not developed more than enough, it just means that the offer chain disruptions have developed much more uncertainty along the procedure.”

More than 109 million People are predicted to vacation for Thanksgiving, and 65% of Us citizens hope Covid to influence their Thanksgiving celebrations. 

So what can buyers count on when they shop for their Thanksgiving turkey this 12 months and what affect will the supply chain crisis have on the nation’s turkey farmers?

Watch the online video to locate out what is up coming for U.S. turkey farmers.

Watch extra:

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