By Andi Anderson
Indiana families can expect slightly lower costs for Thanksgiving dinner this year. According to the Indiana Farm Bureau’s annual Thanksgiving market basket survey, Hoosiers will spend an average of $53.31 to feed 10 people, about $5.33 per person.
This marks a 2% decrease from last year, though prices remain 25% higher than five years ago due to inflation.
The decrease in costs is driven mainly by lower turkey prices. A 16-pound turkey costs approximately $21.22 in Indiana, about $4.45 less than the national average. Indiana ranks third in turkey production, which lowers processing and transportation costs, benefiting local consumers.
Pumpkin pie filling is another item that has seen a significant price drop. At $3.78 for a 14-ounce package, it is 22% cheaper than last year and 9% below the national average. Indiana’s proximity to pumpkin farms, as the second-largest producer in the U.S., contributes to these savings.
Despite these decreases, some items like cranberries, whipping cream, and sweet potatoes have risen in price. Sweet potatoes are 18% more expensive than the U.S. average due to increased production and transportation costs.
Cranberries and dairy products like whipping cream have also seen price hikes because of lower supply and higher demand.
Farmers receive less than 16% of the retail food dollar due to input costs such as transportation, packaging, and labor. According to the USDA, this means the farmer’s share of the $53.31 basket is under $8.50.
Indiana farmers continue to adapt, finding ways to manage costs despite challenges. With its leadership in turkey and pumpkin production, Indiana’s agricultural economy plays a vital role in holiday celebrations. Hoosier farmers are essential to providing affordable Thanksgiving meals while supporting the state’s economy.
Photo Credit: indiana-farm-bureau
Categories: Indiana, Rural Lifestyle