The average cost of a summer barbecue for 10 people is $69.68, or less than $7 per person. The overall cost of barbecue has increased by 17% or about $10 over last year, due to continued supply chain disruptions, inflation and the war in Ukraine.
According to AFBF chief economist Roger Cryan, farmers are also feeling the pain of the price, as are the people they grow food for.
“Despite rising food prices, supply chain disruptions and inflation have made agricultural supplies more expensive; like consumers, farmers are price takers, not decision makers,” Cryan said. “At the end of the day, in many cases, the higher prices paid to farmers do not cover the increase in their farming expenses. Fuel costs have increased and fertilizer prices have tripled.
Cryan also pointed to the cascading effects of the war in Ukraine, as that country’s contributions to global food security are interrupted, Russian and Belarusian fertilizer exports are limited, and some other countries withdraw their exports to protect their domestic supplies. .
The Market Basket Survey shows that the largest year-over-year price increase was for ground beef. Survey results showed the retail price of 2 pounds of ground beef was $11.12, up 36% from a year ago. Meanwhile, the Department of Agriculture’s Producer Price Index shows that compared to a year ago, on-farm cattle prices are up 17.5%, but wholesale prices for beef were down 14%. This serves to highlight the differences between beef prices at the farm, wholesale and retail level and how events in recent years have had significant impacts on beef production and cattle price cycles, making them all difficult to predict.
Several other foods in the survey, including chicken breasts, pork chops, homemade potato salad, freshly squeezed lemonade, pork and beans, hamburger buns and cookies, also rose by price.
A bright spot for consumers is the average retail price for strawberries, which is down 86 cents from a year ago. Sliced cheese and potato chips also fell in price, 48 cents and 22 cents, respectively. Better weather conditions in some fruit-growing regions and greater retailer price flexibility for processed products are likely driving the modest decline in prices for these items.
The year-over-year direction of the market basket survey follows the federal government’s report on the consumer price index for food at home and general inflation overall economy. The index and the stock market basket show increases of more than 10% compared to the levels of the previous year.
“According to the Department of Agriculture’s Revised Food Dollar Series, farmers currently receive about 8% of every food marketing dollar,” Cryan said. “Farmers’ share of the retail food dollar is as low as 2% to 4% for highly processed foods such as breads and cereals, and can be as high as 35% or more for some fresh produce. »
Commenting on global food security concerns, AFBF President Zippy Duvall said, “The rising cost of food and supplies is a very real concern in our country and around the world. Food assistance programs and food banks across the United States are helping those struggling to make ends meet here at home, but the story is quite different around the world as food insecurity soars. The great impact of a single event in Ukraine shows how much the world depends on stable and productive agriculture.
The 4th of July ready meals survey is part of the Farm Bureau’s basket series, which also includes the popular annual Thanksgiving dinner cost survey of common staples Americans use to prepare their meals at the House.
Data for this year’s survey was collected by 176 volunteer buyers across the country and in Puerto Rico, including members of the Farm Bureau and others.
Individual Rates, AFBF 2022 Summer Cookout
- 2 pounds ground beef, $11.12 (+36%)
- 2 lbs boneless, skinless chicken breasts, $8.99 (+33%)
- 32 ounces of pork and beans, $2.53 (+33%)
- 3 pounds center-cut pork chops, $15.26 (+31%)
- 2.5 pints of freshly squeezed lemonade, $4.43 (+22%)
- 2.5 pounds homemade potato salad, $3.27 (+19%)
- 8 hamburger buns, $1.93 (+16%)
- Half a gallon of vanilla ice cream, $5.16 (+10%)
- 13-ounce bag of chocolate chip cookies, $4.31 (+7%)
- 2 pints of strawberries, $4.44 (-16%)
- 1 pound sliced cheese, $3.53 (-13%)
- 16-ounce bag of chips, $4.71 (-4%)