Turkey prices increase at New Jersey farm as production costs climb
Key Points:
- Wholesale turkey prices in the U.S. have increased by 12% this year due to rising production costs, impacting both farmers and consumers ahead of Thanksgiving.
- DiPaola Turkey Farms in New Jersey has raised turkey prices by 30 cents per pound because of higher feed costs, with corn and soybean prices up 10-12%.
- Farm owner Artie DiPaola expressed the emotional difficulty of raising prices for loyal customers despite the necessity caused by increased expenses.
- Smaller farms like DiPaola rely on strong customer loyalty and increased sales to help offset the financial strain from rising costs.
- Rising fuel and feed prices contribute significantly to the overall increase in turkey production expenses, reflecting broader inflationary pressures in the food supply chain.