The cost of preparing a traditional Thanksgiving dinner is set to fall for the third consecutive year, primarily driven by sharply lower turkey prices and retailer discounts, according to new figures released by the American Farm Bureau Federation (AFBF).
The farm group’s 40th annual survey, released on Nov. 19, estimates that feeding a party of 10 with a classic holiday spread will cost $55.18, or about $5.52 per person, down by 5 percent from last year. Prices remain below the 2022 record of $64.05, though the Farm Bureau noted that several years of elevated food costs have not been entirely erased.
