on Wednesday, November 27, 2019
By Farm News Media
The American Farm Bureau Federation’s (AFBF) 34th annual survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $48.91, or less than $5 per person. This is a cent increase from last year’s average of $48.90.
“The average cost of this year’s Thanksgiving dinner is essentially unchanged from last year, after three years of decline since 2015,” said AFBF Chief Economist Dr. John Newton. “Americans continue to enjoy the most affordable food supply in the world, but most don’t realize only 8 cents of every dollar consumers spend on food goes to farmers.”
In a new Farm Bureau survey, most Americans were surprised to learn the farmers’ share of the food dollar is so small. Three out of four Americans are interested in learning more about how their food is produced.
Farm Bureau farmer and rancher members, state educational foundations, as well as others involved in food production, are responding to public interest with expanded outreach and educational opportunities. Survey results indicate Americans have faith in those who grow their food, with 88% saying they trust farmers.
“The Thanksgiving price survey opens the door to a deeper dialogue about how food is produced and how prices remain so stable despite volatility in the farm economy this year and severe weather hampering planting and harvest,” Newton added.