Register for Upcoming Events!

 

INFB offers a variety of events throughout the year, check out what's happening at INFB this summer. 

Learn more

Membership keyboard_arrow_down
  • Become a Member
  • County Farm Bureau
  • INFB Insurance
  • My Member Deals
  • Renew Your Membership
  • INFB Health Plans
  • INFB Health Plans FAQ
Our Programs keyboard_arrow_down
  • Agriculture in the Classroom
  • L.E.A.D. Program
  • Women's Leadership Committee
  • Young Farmers & Ag Professionals
Public Policy keyboard_arrow_down
  • National Issues
  • State Issues
  • Public Policy Team Contacts
  • Water
  • Take Action
  • Policy Development
  • Political Action Committees
  • Property Tax Notice of Assessments
  • Considerations for Solar Leases
  • Ag Economy Insights
News keyboard_arrow_down
  • Indiana Farm Bureau In the News
  • News Releases
  • Publications
  • Media Contact Information
  • Social Media
  • Podcast - The Breakdown with INFB
Events keyboard_arrow_down
  • Webinars and Recorded Calls
  • Events
Resources keyboard_arrow_down
  • County Farm Bureau
  • For Volunteers
  • Frequently Asked Questions
  • Scholarships and Grants
  • H-2A Labor Services
  • Buy from Local Farms
  • Mental Health Resources
  • Broadband Speed Test
  • Black Vulture Depredation
  • Hot Topics in Ag
About keyboard_arrow_down
  • Mission
  • Leadership
  • Staff
  • County Farm Bureau
  • History
  • Careers
  • Contact
Logout
Login
Join
My Account
search

Membership Our Programs Public Policy News Events Resources About Logout Login Join My Account
menu
mission-statement-icon

Mission

To protect and enhance the future of agriculture and our communities.

More About Our Mission

leadership-icon

Leadership

Meet the Indiana Farm Bureau leadership and staff working to support Indiana agriculture.

More About Our Leadership

membership-icon

Membership

Anyone can be a member of Indiana Farm Bureau. Join more than 260,000 member-families supporting Indiana agriculture and rural communities.

More About Membership

INFB News

Hoosiers Can Expect Higher Prices This Thanksgiving, Despite Lower Grocery Prices Than U.S. Average

Nov 15, 2022, 17:27 PM by Colleen Baker, INFB Marketing Team
Indiana Farm Bureau’s annual Thanksgiving market basket survey shows that Hoosier shoppers can expect to spend approximately 14% more at the grocery store than in 2021.

 

Contact:
Colleen Baker
317-692-7822
317-242-8907
cbaker@infb.org

(Indianapolis) – Nov. 16, 2022 – It’s no secret that prices for consumer goods are on the rise this year and ingredients for the traditional Thanksgiving dinner are not immune. Indiana Farm Bureau’s annual Thanksgiving market basket survey shows that Hoosier shoppers can expect to spend approximately 14% more at the grocery store than in 2021. According to this year’s pricing survey, Hoosiers are paying an average of $61.00 for a Thanksgiving dinner for 10 people, or $6.10 per person. However, Indiana’s market basket price is approximately 5% lower,  or 31 cents less, than the U.S. average price of $6.41 per person.

According to the American Farm Bureau Federation, the main driver of the increase is inflation,  as well as other factors including supply chain disruptions and the war in Ukraine, with other countries pulling back on exports to protect domestic supplies.

The U.S. Bureau of Labor Statistics states the food-at-home consumer price index for October 2022, a measure of price changes at the grocery store, increased 12.4% year-over-year. Additionally, the current rate of inflation for the average American was at 7.8% as of October 2022, according to the U.S. Labor Department. Many consumers have felt the weight of inflation this year, including farmers, who have been dealt a tough hand. While food prices have increased, so have input prices for the farmers growing that food.

“There is no question it’s been a difficult year for both consumers and farmers,” said Isabella Chism, INFB 2nd vice president. “Farmers are used to being nimble and agile in a job that can be very unpredictable when it comes to variables like the weather. But this year is different. Higher input costs presented a whole new set of challenges that are costing us more across the board and trickling down to consumers.”

According to the U.S. Department of Agriculture’s revised Food Dollar Series, farmers currently receive approximately 8% of every food marketing dollar. Using this figure, the farmer’s share of this market basket would be $4.88. The rest goes toward food processing, packaging, transportation, wholesale and retail distribution, food service preparation and other marketing costs.

“Just like consumers, farmers are price-takers, not price-setters,” Chism said. “While food prices are increasing, the amount farmers are being paid isn’t covering the sharp increase of their input expenses.”

The total market basket price of $61.00 includes a 16-pound turkey, stuffing, sweet potatoes, rolls, peas, a carrot and celery veggie tray, whole milk, cranberries, whipping cream, ingredients for pumpkin pie and miscellaneous baking items.

This year, shoppers can expect to pay approximately $1.75 per pound for a whole turkey, or $28.02 for a 16-pound bird, which is an 11% increase from 2021.

Contributing to short-term price increases of turkey this year are depopulations of turkey flocks caused by highly pathogenic avian influenza (HPAI). According to Rebecca Joniskan, president of the Indiana State Poultry Association, about 50 million birds have died or been euthanized so far in 2022 as a result of HPAI. Eight million turkeys nationwide were lost, with over 171,000 in Indiana specifically. However, in Indiana, turkey is typically produced year-round, whereas production in other states can be seasonal.

“This year has been difficult for Hoosier poultry farmers, both financially and emotionally,” said Joniskan. “But despite those losses, we are still a robust industry. There are still plenty of turkey products on the market.”

According to the survey, turkey is less expensive pound for pound than other meat options, such as ham, which is $2.72 per pound, or $10.88 for a 4-pound ham.

Hoosiers can expect most of the traditional Thanksgiving items to be more expensive this year; however, pie shells and cranberries are more affordable than they were in 2021. The largest percentage price increase was for cubed bread stuffing, up 64% for 14 ounces. According to the American Farm Bureau Federation, higher packaging and processing costs brought on by supply chain disruptions and ongoing volatility in the wheat market have been the major drivers behind this increase.

Only pumpkin pie filling is slightly more expensive in Indiana this year than it is nationally. All other items on the shopping list came in less than the national average, most notably peas, pie shells and whole milk.

Thanksgiving Market Basket Items (INFB Survey)
2022 Indiana Costs
2021 Indiana Costs% Change of Indiana Costs (2021 to 2022)% Difference between 2022 Indiana Costs and 2022 U.S. Average
Turkey (16 lb.) $28.02 $25.22 +11.1% -3.2%
Stuffing (14 oz. package) $3.80 $2.32 +63.8% -2.1%
Pumpkin pie filling mix (30 oz. can) $4.35 $3.61 +20.5% +1.6%
Pie shells, 9 in. (2 per package) $3.06 $3.47 -11.8% -16.8%
Sweet potatoes (3 lb.) $3.72 $3.19 +16.6% -6.1%
Rolls (1 doz.) $3.57 $3.00 +19.0% -4.3%
Peas (16 oz. package, frozen) $1.56 $1.39 +12.2% -17.9%
Veggie tray (.5 oz. each fresh carrots and celery) $0.86 $0.80 +7.5% -2.3%
Whole milk (gal.) $3.35 $2.81 +19.2% -12.8%
Cranberries (fresh, 12 oz. package) $2.54 $2.72 -6.6% -1.2%
Whipping cream (½ pint) $2.06 $1.60 +28.8% -8.0%
Misc. ingredients
(such as coffee, butter, onions, eggs, sugar and flour)

$4.13
$3.45 +10.1% 0.0%
AVERAGE TOTAL MEAL PRICE*$61.00$53.58+13.8%-4.8%
*The total meal price listed above is for a group of 10 individuals.

The INFB Thanksgiving market basket survey was conducted in late October by volunteer shoppers across the state who collected prices on specific food items from one of their local grocery stores. Volunteer shoppers were asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals. Indiana’s survey was completed in conjunction with a national survey administered by the American Farm Bureau Federation.

More details about AFBF’s national Thanksgiving market basket results can be found here.

###

About Indiana Farm Bureau: For more than 100 years, Indiana Farm Bureau (INFB) has protected and enhanced the future of agriculture and our communities. As the state’s largest general farm organization, INFB works diligently to cultivate a thriving agricultural ecosystem to strengthen the viability of Indiana agriculture.  Learn more at INFB.org

 

 

Hoosiers Can Expect Higher Prices This Thanksgiving, Despite Lower Grocery Prices Than U.S. Average

Nov 15, 2022, 17:27 PM by Colleen Baker, INFB Marketing Team
Indiana Farm Bureau’s annual Thanksgiving market basket survey shows that Hoosier shoppers can expect to spend approximately 14% more at the grocery store than in 2021.

 

Contact:
Colleen Baker
317-692-7822
317-242-8907
cbaker@infb.org

(Indianapolis) – Nov. 16, 2022 – It’s no secret that prices for consumer goods are on the rise this year and ingredients for the traditional Thanksgiving dinner are not immune. Indiana Farm Bureau’s annual Thanksgiving market basket survey shows that Hoosier shoppers can expect to spend approximately 14% more at the grocery store than in 2021. According to this year’s pricing survey, Hoosiers are paying an average of $61.00 for a Thanksgiving dinner for 10 people, or $6.10 per person. However, Indiana’s market basket price is approximately 5% lower,  or 31 cents less, than the U.S. average price of $6.41 per person.

According to the American Farm Bureau Federation, the main driver of the increase is inflation,  as well as other factors including supply chain disruptions and the war in Ukraine, with other countries pulling back on exports to protect domestic supplies.

The U.S. Bureau of Labor Statistics states the food-at-home consumer price index for October 2022, a measure of price changes at the grocery store, increased 12.4% year-over-year. Additionally, the current rate of inflation for the average American was at 7.8% as of October 2022, according to the U.S. Labor Department. Many consumers have felt the weight of inflation this year, including farmers, who have been dealt a tough hand. While food prices have increased, so have input prices for the farmers growing that food.

“There is no question it’s been a difficult year for both consumers and farmers,” said Isabella Chism, INFB 2nd vice president. “Farmers are used to being nimble and agile in a job that can be very unpredictable when it comes to variables like the weather. But this year is different. Higher input costs presented a whole new set of challenges that are costing us more across the board and trickling down to consumers.”

According to the U.S. Department of Agriculture’s revised Food Dollar Series, farmers currently receive approximately 8% of every food marketing dollar. Using this figure, the farmer’s share of this market basket would be $4.88. The rest goes toward food processing, packaging, transportation, wholesale and retail distribution, food service preparation and other marketing costs.

“Just like consumers, farmers are price-takers, not price-setters,” Chism said. “While food prices are increasing, the amount farmers are being paid isn’t covering the sharp increase of their input expenses.”

The total market basket price of $61.00 includes a 16-pound turkey, stuffing, sweet potatoes, rolls, peas, a carrot and celery veggie tray, whole milk, cranberries, whipping cream, ingredients for pumpkin pie and miscellaneous baking items.

This year, shoppers can expect to pay approximately $1.75 per pound for a whole turkey, or $28.02 for a 16-pound bird, which is an 11% increase from 2021.

Contributing to short-term price increases of turkey this year are depopulations of turkey flocks caused by highly pathogenic avian influenza (HPAI). According to Rebecca Joniskan, president of the Indiana State Poultry Association, about 50 million birds have died or been euthanized so far in 2022 as a result of HPAI. Eight million turkeys nationwide were lost, with over 171,000 in Indiana specifically. However, in Indiana, turkey is typically produced year-round, whereas production in other states can be seasonal.

“This year has been difficult for Hoosier poultry farmers, both financially and emotionally,” said Joniskan. “But despite those losses, we are still a robust industry. There are still plenty of turkey products on the market.”

According to the survey, turkey is less expensive pound for pound than other meat options, such as ham, which is $2.72 per pound, or $10.88 for a 4-pound ham.

Hoosiers can expect most of the traditional Thanksgiving items to be more expensive this year; however, pie shells and cranberries are more affordable than they were in 2021. The largest percentage price increase was for cubed bread stuffing, up 64% for 14 ounces. According to the American Farm Bureau Federation, higher packaging and processing costs brought on by supply chain disruptions and ongoing volatility in the wheat market have been the major drivers behind this increase.

Only pumpkin pie filling is slightly more expensive in Indiana this year than it is nationally. All other items on the shopping list came in less than the national average, most notably peas, pie shells and whole milk.

Thanksgiving Market Basket Items (INFB Survey)
2022 Indiana Costs
2021 Indiana Costs% Change of Indiana Costs (2021 to 2022)% Difference between 2022 Indiana Costs and 2022 U.S. Average
Turkey (16 lb.) $28.02 $25.22 +11.1% -3.2%
Stuffing (14 oz. package) $3.80 $2.32 +63.8% -2.1%
Pumpkin pie filling mix (30 oz. can) $4.35 $3.61 +20.5% +1.6%
Pie shells, 9 in. (2 per package) $3.06 $3.47 -11.8% -16.8%
Sweet potatoes (3 lb.) $3.72 $3.19 +16.6% -6.1%
Rolls (1 doz.) $3.57 $3.00 +19.0% -4.3%
Peas (16 oz. package, frozen) $1.56 $1.39 +12.2% -17.9%
Veggie tray (.5 oz. each fresh carrots and celery) $0.86 $0.80 +7.5% -2.3%
Whole milk (gal.) $3.35 $2.81 +19.2% -12.8%
Cranberries (fresh, 12 oz. package) $2.54 $2.72 -6.6% -1.2%
Whipping cream (½ pint) $2.06 $1.60 +28.8% -8.0%
Misc. ingredients
(such as coffee, butter, onions, eggs, sugar and flour)

$4.13
$3.45 +10.1% 0.0%
AVERAGE TOTAL MEAL PRICE*$61.00$53.58+13.8%-4.8%
*The total meal price listed above is for a group of 10 individuals.

The INFB Thanksgiving market basket survey was conducted in late October by volunteer shoppers across the state who collected prices on specific food items from one of their local grocery stores. Volunteer shoppers were asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals. Indiana’s survey was completed in conjunction with a national survey administered by the American Farm Bureau Federation.

More details about AFBF’s national Thanksgiving market basket results can be found here.

###

About Indiana Farm Bureau: For more than 100 years, Indiana Farm Bureau (INFB) has protected and enhanced the future of agriculture and our communities. As the state’s largest general farm organization, INFB works diligently to cultivate a thriving agricultural ecosystem to strengthen the viability of Indiana agriculture.  Learn more at INFB.org

 

 

Read More

Read More
BakerColleen
Colleen Settle
Senior Public Relations Manager - Brand
emailcsettle@infb.org
location_onOffice: 317-692-7822
phoneMobile: 317-242-8907
Heidi Gant
Public Relations Manager - Public Policy
emailhgant@infb.org
location_onOffice: 317-692-7828
phoneMobile: 317-966-3719
facebook
IN Farm Bureau
Collegiate Farm Bureau at Purdue
Collegiate Farm Bureau at Vincennes
Collegiate Farm Bureau at Huntington
twitter
@INFarmBureau
@FarmBureau
@AITCTweets
Instagram
@INFarmBureau
YouTube
Indiana Farm Bureau

Get Involved

Learn more about Indiana Farm Bureau programs

Ag in the Classroom

Agriculture in the Classroom is a grassroots agricultural outreach program for school children in grades Pre-K through 12, facilitated by Indiana Farm Bureau and coordinated nationwide by the United States Department of Agriculture. This program helps kids understand where the food they eat is grown and how important farmers are to their daily lives.

 

Learn More

Public Policy

Indiana Farm Bureau has robust advocacy efforts at the local, state and national levels. While INFB's well-respected lobbyists push through state legislation, on-the-ground teams assists individual farmers with local concerns. Staff, leadership and volunteer members also advocate in Washington to make sure federal policy favors farmers and agriculture.

 

View State Policy Priorities

Young Farmers & Ag Professionals

Indiana Farm Bureau's Young Farmers and Ag Professionals program is dedicated to finding those who have a passion for agriculture and a hunger to learn more. We cultivate members to become the next generation of agricultural leaders through leadership development, awards and competitions and networking.

Learn More about YF&AP
Ag in the Classroom
Public Policy
Young Farmers & Ag Professionals

My Member Deals

Indiana Farm Bureau members have access to more than 250,000 discounts

Bush Hog The University of Arizona Global Campus budget-square choice hotels small

Member Benefits

Your Indiana Farm Bureau membership gives you access to more than 250,000 offers such as discounts on hotels, rental cars, vacations, flowers, restaurants, movies, electronics, equipment, vehicles and more. Using just one of these offers can save you more than the cost of your annual membership.

View all deals

Quick Links

  • Membership
  • Our Programs
  • Public Policy
  • News
  • Events
  • Resources
  • About
  • Careers

Terms & Policy

  • Terms of Use
  • Privacy Policy
  • Texting Privacy Policy
  • Texting Terms and Conditions

Get in Touch

  • 225 South East St. Indianapolis, IN 46202
  • P.O. Box 1290 Indianapolis, IN 46206
  • (800) 327-6287
facebook-icon twitter-page youtube-page instagram-page pinterest-page

Copyright © 2024 Indiana Farm Bureau®, Inc. is a member of the American Farm Bureau Federation®, a national organization of farmers and ranchers including Farm Bureau® organizations in 49 other states and Puerto Rico, and is responsible for Farm Bureau membership and programs within the State of Indiana.