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US turkey farmers are grappling with higher costs for feed, electricity and fuel due to soaring inflation, forcing many to charge more for their turkeys this Thanksgiving.
The cost of turkey is up by more than a fifth compared to last year, according to the American Farm Bureau Federation, as a result of supply chain disruptions and the war in Ukraine, while some farms have also been hit by bird flu.
Bob’s Turkey Farm in Lancaster, Pennsylvania, told Insider the cost of rearing a turkey had jumped by a quarter compared with last year but has only raised prices by up to 16%.
Jenn Brezniak, 31, who works at the farm, said: “All expenses across the board are up 25%. The cost of feed, electricity, fuel, propane, oil and electricity is skyrocketing.”
The farm typically sells about 2,700 turkeys to retailers and locals, with the same number again taken by wholesalers.
“The feed costs have gone up astronomically, as has the price of electricity,” Brezniak said.
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USA — Financial Here's why your Thanksgiving turkey probably cost a lot more than it...