The Thanksgiving meal will cost Vermonters an average of 14% more this year, says the American Farm Bureau.
According to the Farm Bureau’s 36th annual survey, the average cost of a feast for 10 this year is $53.31, about $6.41 more than last year.
Turkey prices are up 24% over last year. At Mehuron Supermarket in Waitsfield, turkeys arrive on Monday.
“I think across the board what we are seeing is that the farther distance that it takes to get to you at the store, the larger price increases as a percentage,” owner Bruce Hyde said.
Hyde said turkeys from the Midwest have seen the greatest price increase, while there has been little or no rise in the cost of a bird from a local producer.
“And although they are a bit of a more expensive option, buying local they have been able to retain their price,” Hyde said.
Arthur Woolf, Professor Emeritus of Economics at the University of Vermont, said the increase in prices isn’t surprising. He said a nationwide shortage of truck drivers is a contributing factor.
“We got prices going up for all sorts of things,” Woolf said. “It’s hard to get enough products from the farm to the warehouses and then to supermarkets.”
The high price of fuel isn’t helping either.
“If transportation costs are higher, then everyone has to get a little more money to cover those costs,” Woolf said.