Turkey Farmers Benefit From Higher Prices This Year

By on November 19, 2021 0

ST. PAUL, Minnesota (AP) – Farmers in Minnesota who raise about 45 million turkeys a year will benefit from higher prices this year, according to agriculture experts.

The Minnesota Department of Agriculture says the price of turkeys has steadily increased as demand increased after a year in which there were fewer family reunions and traffic to restaurants declined due of the coronavirus pandemic.

“The USDA actually predicts that this year will be a record price for turkeys,” said Tim Petry, livestock marketing economist in the extension service at North Dakota State University. “From a price point of view, these are the best prices they have seen in several years. So you know, that’s great news for producers.

The good news on prices is tempered somewhat by rising costs of raising birds on more than 500 farms in Minnesota, Minnesota Public Radio News reported.

Higher prices for corn and soybeans to feed turkeys reduce profits, producers said.

“These are our two main ingredients and these prices were considerably higher than last year or previous years,” said Jessica Westbrock, president of the Minnesota Turkey Growers Association. “Consumers will see the increase, but the producer will not necessarily have the opportunity to take it home. We just have to pay more to raise the turkeys.

While turkey prices are up 17 cents a pound from a year ago, Petry said consumers are still likely to find good deals as many stores sell turkeys below their mark. cost price.

“Often they make call turkeys to entice customers to buy the more expensive mark-up items that come with the meal,” he said.