Iowans could be thankful for a smaller grocery bill as they prepare this year’s Thanksgiving feast.
The estimate is based on the American Farm Bureau Federation’s 28th annual informal price survey. It shows the average cost of a Thanksgiving turkey and the fixings for a family of 10 is $49.04. That’s down from $49.48 in 2012. The biggest factor in the price decrease is the cost of a 16-pound turkey. Turkey supplies are up this year compared to last, according to AFBF spokesman Dave Miller, while the cost of producing turkeys is down.
The American Farm Bureau Federation survey shopping list includes all of the traditional Thanksgiving meal favorites to feed a family of 10. At less than $5 per serving, Miller says this year’s Thanksgiving meal is a bargain.