Talking Turkey

Our 15-lb. hen cost 99 cents/pound.

The cost of Thanksgiving dinner is going down. [bold added]

The average price for a turkey this holiday season is projected to be down for a second year in a row, said the American Farm Bureau Federation in its annual report released this week. The lower cost for the headline attraction looks to cut costs for those hosting Thanksgiving dinner this year, but some favorite side dishes will remain stubbornly expensive for shoppers.

The Farm Bureau projects the average price for a Thanksgiving turkey to fall 6.1% to $25.67, or $1.68 a pound, this year...But cheaper meat is only part of the story, as the cost to make many family-favorite side dishes continues to rise. For example, fans of mashed potatoes may find the cost for that dish a little steeper. A smaller North American potato crop this year due to adverse weather issues and a change in consumer demand has the U.S. potato price up 7.6% year over year, said commodities research firm Expana in its own report issued this month, citing data from the USDA.

Prices for processed goods also are on the rise. The Farm Bureau said that it expects prices for a 14-ounce package of stuffing mix to increase by more than 8% from last year to $4.08. The price for a dozen dinner rolls also is expected to rise by more than 8% to $4.16.

Even worse for those with a sweet tooth, prices for some pies may be increasing, with Expana’s Thanksgiving Pecan Pie index up 8% from last year, due mostly to higher prices for pecans that are offsetting cheaper costs for sugar, vanilla and butter.

Overall, the Farm Bureau forecasts the cost of the average Thanksgiving meal for a group of 10 people at $58.08. That’s down 5% from the previous year, and down 9% from the record of $64.06 set in 2022, the highest since the Farm Bureau began its yearly assessment in 1986.

Feeding ten people for $58.08 sounds incredibly cheap until one realizes that the Farm Bureau has assumed that most of the dishes have been made from scratch.

Cost reductions aren't enjoyed by city dwellers, who tend to have small Thanksgiving gatherings and opt for convenience over cost. We will roast our own turkey, however, and take special enjoyment from its $15 cost, which will be spread over meals throughout the weekend.