NEW YORK (TheStreet) --Thanksgiving Day in America is tomorrow, which means holiday cooks will be heading to the grocery stores today to get their last minute meal items. Preparing a traditional Thanksgiving meal with all the trimmings is not a cheap task.
CNBC's Jane Wells did a segment on Wednesday morning's Squawk on the Street about the price of a Thanksgiving dinner and compared the price of organic vs. conventional menu options.
"One man's turkey price is another man's car payment," Wells joked. She had two meals and three price tags to share with viewers. To feed a family of 10 on Thanksgiving the price has dropped back below $50, this according to the American Farm Bureau Federation.
All the traditional Thanksgiving foods are included in that list, so you have the turkey, pies, stuffing and so on.
However, "if you want to go organic, you're going to have to pay considerably more," Wells reported. "Even though you say organic food sales are up, the [Department of Agriculture] tells us organic turkey production is down 30% from two years ago."
CNBC compared the average price that the American Farm Bureau Federation worked out, $49.87 for a whole meal, to a receipt from the network's own shopping. Wells says she has "no idea" where the organization's number came from because the network spent $72.28.
Wells did point out the total was still $7 less than a year ago. If you want to go organic, the price tag jumps to $129.22.
Breaking the dinner cost down by turkey, the Farm Bureau estimate was for a price of $22.74, CNBC paid $36.14. An organic turkey cost $61.92, just about $11 less than the entire conventional meal.