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Got $50? You can feed a family of 10 for Thanksgiving, survey says - Bring Me The News

Got $50? You can feed a family of 10 for Thanksgiving, survey says

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Thanksgiving dinner is just a week away and if you haven't done your shopping yet, an annual survey says you can spend under $50 on all the traditional fixings and have enough food for 10 people.

The American Farm Bureau Federation's (AFBF) annual price survey found a classic Thanksgiving meal for 10 people will cost an average of $49.41, which is 37 cents higher than last year's $49.04.

That includes: a turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray of carrots and celery, pumpkin pie with whipped cream, coffee and milk.

And although this year's cost is up slightly, it's still 7 cents cheaper than in 2012.

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CNBC says if you buy all the ingredients for a traditional Thanksgiving dinner at Wal-Mart it'll run you 34 percent less than AFBF's average, with the meal totaling $32.64.

For those not into making their own Thanksgiving dinner, that's where it can get costly. The Associated Press says it costs about $3 to make a pie at home, but over $20 to order one. And a fully cooked Thanksgiving dinner for 12 from grocery stores like Whole Foods Market cost around $170.

So how much will people be shelling out for that big-ticket item on the menu? The AFBF says although turkey production has been lower this year it hasn't affected prices of the bird much – a 16-pound turkey averages $21.65, about 11 cents less than 2013.

However, an organic 16-pound turkey could run you $100 or more, the AP notes.

Reuters says families who may opt out of the turkey and have a crown roast of pork or prime rib of beef for dinner won't be as fortunate because prices for those meats have climbed.

The AP notes the drop in fuel prices won't just make it cheaper to drive to the in-laws, but it has also helped keep the cost of some ingredients down, including flour-based foods such as stuffing mix, pie shells and dinner rolls, which are about 21 cents less than last year.

The AFBF says foods with the largest price increases this year are sweet potatoes, dairy products and pumpkin pie mix.

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