Food prices

Grocers know this: Cheap turkeys will get customers into the store.

So this Thanksgiving, despite an avian flu that killed 8 million turkeys, shoppers are having no trouble finding bargain birds priced lower than last year.

In fact, store managers have been slicing all sorts of holiday-related food prices this fall.

Author: Jim Champion, via Wikimedia Commons

With the U.S. government reopened and a budget crisis averted for now, Congress has shifted it's attention towards the Farm Bill. 

The multi-year legislation governs agriculture programs and ranges from regulating food prices and rural development to conservation and nutrition assistance. The bill has caused contention among members over spending cuts, and the past shutdown has only slowed discussion.  

Kentucky Farm Bureau Director of National Affairs Joe Cain said if Congress doesn’t reauthorize crop insurance provisions by the January 1st deadline, it would cause uncertainty for farming lenders and could result in a rise in food prices.

Kentucky Food Prices Increase Following Last Summer’s Drought

Apr 29, 2013

Average retail food prices in Kentucky supermarkets increased a little over half a percent during the first quarter of this year according to the latest Market Basket survey from the Kentucky Farm Bureau.

Dan Smaldone, the Bureau’s director of public relations, said the Farm Bureau totaled the cost of forty basic grocery items and the price came to $116.27. He says that’s 74 cents more than the previous quarter.