Turkey prices increase at New Jersey farm as production costs climb
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Turkey prices increase at New Jersey farm as production costs climb

Fox Business • • business

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.

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