Thanksgiving more expensive this year; rising costs will continue

Thanksgiving concept - fall harvest
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Thanksgiving dinner will cost 20% more than it did last year, according to a report by the American Farm Bureau Federation.

On the consumer end, general inflation, the war in Ukraine and supply chain disruptions are factored into the American Farm Bureau’s analysis.  The producers — farmers — face these issues and rising prices for fuel, fertilizer and other inputs.

For farmers in the Western states, some of those inputs are the cost of a dwindling water supply.  In California, the regulatory costs associated with the Sustainable Groundwater Management Act may force farms out of business.  The Los Angeles Times reports that California’s farmland is shrinking because of the drought, accounting for a $1.7 billion loss in agricultural revenues this year.

In general, food prices will continue to rise throughout 2023, per the U.S. Department of Agriculture’s Food Price Outlook for 2022 and 2023.

Deborah

Since 1995, Deborah has owned and operated LegalTech LLC with a focus on water rights. Before moving to Arizona in 1986, she worked as a quality control analyst for Honeywell and in commercial real estate, both in Texas. She learned about Arizona's water rights from the late and great attorney Michael Brophy of Ryley, Carlock & Applewhite. Her side interests are writing (and reading), Wordpress programming and much more.

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