Puerto rico government

A little less fire, a little more work? The cost of 4th of July barbecues is 17% higher than last year

As you celebrate the “Land of the Free”, be prepared to pay.

According to a new AAmerican Farm Bureau Federation Cart Survey.

So how much can you expect to pay to party in the United States?

The survey found that American consumers pay $69.68 for their favorite Independence Day baked goods, including cheeseburgers, pork chops, chicken breasts, homemade potato salad, strawberries and ice cream. That’s the average cost of a summer barbecue for 10 people, or less than $7 per person.

The higher costs are the result of continued supply chain disruptions, inflation and the war in Ukraine, according to the report. Farmers are also feeling the price pain, says AFBF chief economist roger cryan.

“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 in a statement. “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 largest year-over-year price increase was for ground beef, according to the report.

The retail price of two pounds of ground beef is $11.12, up 36% from last year. Meanwhile, the Department of Agriculture’s Producer Price Index shows that compared to a year ago, farm-level livestock prices are up 17.5%, but prices wholesale beef prices have fallen by 14%, highlighting the differences between farm, wholesale and retail beef prices and how Events in recent years have had a significant impact on market cycles. beef production and cattle prices, 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.

“According to the Department of Agriculture’s Revised Food Dollar Series, farmers currently receive approximately 8% of every food marketing dollar,” Cryan said in a statement. “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. »

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.

“The rising cost of food and supplies is a very real concern in our country and around the world,” the AFBF president said. Zippy Duval said in a statement. “Food assistance programs and food banks across the United States help those struggling to make ends meet here at home, but the story is quite different around the world as food insecurity escalates. The great impact of a single event in Ukraine shows how much the world depends on stable and productive agriculture.

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.

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