Why Thanksgiving dinner may price extra this 12 months
In response to the American Farm Bureau’s annual Thanksgiving dinner survey, a vacation feast for a household of 10 that includes turkey, stuffing, candy potatoes and pumpkin pie will price $53.31, a 14% enhance over final 12 months. A 16-pound turkey will price $4.60 greater than a 12 months in the past.
That worth hike is due, partially, to U.S. turkey farmers being battered by provide chain points, together with labor shortages in processing crops and better prices, together with on feed, transportation and packaging supplies.
The wholesale worth of frozen entire tom turkeys weighing 16 to 24 kilos was $1.36 per pound as of Nov. 19, 18% greater than a 12 months earlier.
And in response to analysts, turkeys are additionally in shorter provide.
“One factor that you simply in all probability will discover on the grocery retailer this 12 months is extra naked cabinets, as we transfer into the vacation season,” mentioned Trey Malone, an agricultural economist at Michigan State College. “That does not essentially imply that we’ve not produced sufficient, it simply signifies that the provision chain disruptions have created extra uncertainty alongside the system.”
Greater than 109 million Individuals are anticipated to journey for Thanksgiving, and 65% of Individuals anticipate Covid to have an effect on their Thanksgiving celebrations.
So what can customers anticipate after they store for his or her Thanksgiving turkey this 12 months and what affect will the provision chain disaster have on the nation’s turkey farmers?
Watch the video to seek out out what’s subsequent for U.S. turkey farmers.
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