According to data from the American Farm Bureau’s annual Fourth of July market basket survey, consumers can expect this year’s Fourth of July cookout to cost $67.73, which is down 3%, or $1.95, from last year’s all-time high of $69.68.
Although the cost of a 10-person cookout, which includes cheeseburgers, chicken breasts, pork chops, potato chips, pork and beans, fresh strawberries, homemade potato salad, fresh-squeezed lemonade, chocolate chip cookies, and ice cream, has decreased since last year, the cost remains 14% higher than in 2021.
Half of the surveyed foods decreased in average price compared to a year ago, while five increased, and one remained unchanged. Compared to 2021, prices for eight of the twelve food products increased over two years. Although food prices remain inflated, the total cost breakdown is less than $7 per person, at $6.77.
Last year, the United States Department of Agriculture announced that the farmer’s share of the food dollar had reached a historic low at just 14.5 cents of every dollar spent. NFU President Rob Larew added: “It doesn’t have to be this way. Through our Fairness for Farmers campaign, we’re fighting for a 2023 Farm Bill that creates fairer and more competitive markets that benefit farmers and consumers.”
Data for this publication was sourced from USDA NASS, and other industry sources.
Source: nfu.org
