Turkey prices are expected to gobble up a bigger chunk of Thanksgiving family budgets.
Farmers are grappling with inflation, drought and bird flu, which could push prices up as Thanksgiving approaches, Fox Weather reported Thursday.
“There are [sic] still seems to be a hangover from the bird flu outbreaks we had this spring, so total turkey production is down and therefore wholesale prices are up,” said Dr Jayson Lusk from Purdue University, who is a professor and chair of the agricultural economics department, told Fox.
Lusk expects wholesale prices to rise 30% from 2021.
The bird flu epidemic that started in the spring is an ongoing challenge, as well as the drought conditions in much of the country.
“Corn and other turkey feeds are highly dependent on extreme weather conditions, and drought conditions can lead to a lack of production,” the Fox report says.
Meanwhile, one in five Americans aren’t sure if they can afford the cost of Thanksgiving this year, according to a recent Personal Capital survey.
As Breitbart News reported:
The state of economic affairs in President Joe Biden’s America is affecting Americans’ vacation plans. According to the survey, a quarter of Americans plan to skip Thanksgiving this year to save money, and one in five “doubted they would have enough money to cover the costs of Thanksgiving this year.”
Specifically, a third expect their 2022 Thanksgiving dinner to be “smaller” and 45% overall said they are “financially stressed” over Thanksgiving.
Rising inflation in Biden’s economy has Americans worried about how they will be able to afford to pay for things like housing, food and gas for their cars, the outlet reported on October 10.
In addition, 93% of registered voters are worried about inflation and the state of the economy ahead of the midterm elections, according to a recent report. Politics/Morning consultation survey.
Those are the top two issues for voters, and “81% say President Joe Biden’s economy will be a ‘major’ factor in their vote,” Breitbart News reported.