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Staff Writer

Most Expensive July 4th Cookout Ever!

 

 

Get ready to celebrate Independence Day with fireworks and feasts, but be prepared for higher costs at your cookout this year, as the American Farm Bureau reveals a significant rise in prices for summer staples.


The American Farm Bureau reports that Americans will gather this Fourth of July for a day of fireworks, food, and festivities. However, this year’s celebrations will come with a higher cookout bill. According to the Farm Bureau's annual market basket survey, the average cost of summer cookout staples for a group of 10 has risen to $71.22, up 5% from last year and 30% from five years ago. This brings the cost per person to $7.12, marking the first time it has surpassed $7.

 

On the Grill:

Meat will be the most significant expense, with ground beef, pork chops, and chicken breast accounting for half of the total cost. Ground beef has seen an 11% increase, now averaging $12.77 for two pounds. Pork chops are up 8% to $15.49 nationally, with prices in California even higher due to Proposition 12. In contrast, chicken breast costs have decreased by 4%, averaging $7.83 for two pounds, thanks to increased broiler production and improved biosecurity measures.

 

The Fixins:

Sides and other staples have also seen price changes. Hamburger buns are up 7%, costing $2.41 per package. Dairy items like American cheese slices remain relatively stable, while a half-gallon of ice cream has increased by 7% to $5.65. Fresh-squeezed lemonade has seen the most significant jump, rising 12% to $4.19 due to decreased lemon production and higher sugar prices.

 

Potato salad is one of the few items that has decreased in price, down 4% from last year, thanks to lower potato prices. However, other items like pork and beans, potato chips, chocolate chip cookies, and strawberries have all seen price increases.

 

Regional Differences:

Grocery prices vary by region. The Northeast offers the lowest cost at $63.54 for a group of 10, while the Western U.S. has the highest at $80.88.

 

Inflation and Broader Economic Factors:

The increased cost of cookout items reflects broader economic challenges, including inflation and global uncertainties. Although food price increases slowed in 2023, the cost of a typical cookout has risen significantly over the past five years. Despite these rising prices, the U.S. still boasts one of the most affordable food systems globally, with Americans spending just 6.7% of their total expenditures on food and non-alcoholic beverages.

 

Farmers, however, face financial challenges, with farm income dropping 17% in 2023 and expected to decrease another 25% this year. High production expenses and interest rates further strain their finances, making it crucial to support agricultural research and nutrition programs in the farm bill.

 

Conclusion:

As you celebrate Independence Day, be prepared for a slightly higher grocery bill. The increased costs reflect ongoing economic pressures, but Americans continue to enjoy relatively affordable food prices compared to the rest of the world.

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