Thanksgiving dinner in Wisconsin is expected to be cheaper this year, with the cost of feeding 10 people totaling $57.61, according to the Wisconsin Farm Bureau Federation (WFBF). Despite this decrease, overall food prices are still about 20% higher than in 2020. The drop in prices can be attributed to lower turkey prices, with demand slipping alongside supply due to the outbreak of avian influenza.
Wisconsin’s Thanksgiving costs are typically below the national average, thanks to the availability of food products in the state. However, local farmers are not benefiting from these inflated prices, as they are facing increased costs of inflation and labor.
The WFBF’s Thanksgiving estimates are calculated based on regular prices without taking advantage of promotions, so last-minute deals could lead to even lower costs for consumers. Andrew Stevens, an assistant professor of Agricultural and Applied Economics at UW-Madison, believes that food prices will not return to pre-pandemic levels. Despite the challenges faced by farmers, the Thanksgiving cost reduction is good news for consumers looking to enjoy a more affordable holiday meal.
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