There’s one thing you don’t want to do with a turkey: Buy it as a gift.
That’s the takeaway from a report released Wednesday by the Consumer Federation of America that showed the country’s turkey industry was losing millions of dollars in revenue each year, even as the industry is growing.
“We’ve heard it said that turkeys cost $300 a pound in the grocery store, and the USDA has a $300 price tag for the turkey,” said Pam Brown, president and CEO of the consumer federation.
“But we’ve also heard it that turns are a nutritious, affordable, and easy-to-cook food, and that consumers love them.
The USDA has no way to prove that, so it’s just not true.”
The federation’s report found that the average turkey has an average of about 2.5 pounds of fat per pound of weight.
That weight could be trimmed if consumers were willing to eat less fat.
In fact, the federation’s findings showed that the fat content of turkeys in the U.S. is actually lower than the average of other countries.
“If consumers were to reduce their consumption of calories and carbohydrates, they could save $1,800 annually, which could potentially save thousands of dollars annually in food costs,” Brown said.
“That’s a win-win for consumers, and it’s a victory for the industry.”
In the report, the consumer group said that about a quarter of the turkeys sold in the country come from Canada and Mexico, where the USDA says turkeys are sold at less than $150 a pound.
The federation said that the country could cut those numbers by buying more birds.
But even if it could, the report noted, turkey producers would have to be creative to get more turkeys out into the marketplace.
“The USDA has made it clear that the USDA is not going to allow wholesale prices to increase to more than $400 per pound for a single turkey,” Brown told CNNMoney.
“This report clearly indicates that the turnage industry is not only losing millions per year, but that the industry has no option but to resort to the wholesale marketplace.
The cost of turkey in America is spiraling out of control, and we can’t allow this to continue.”
The turkey industry is a $1.2 trillion industry in the United States.
Brown said that even though turkeys and other poultry products account for a majority of U.C.S.-made meat, there is still plenty of room for growth.
“It’s not just a turkey or a poultry, it’s beef, pork, or chicken,” Brown explained.
“You have a number of things that you can get that is really high in protein and is high in lean meat.
You have the protein from poultry, but you also have the chicken from beef and pork and other products.”
The average American eats about 10 pounds of meat per year.
And even with a healthy diet, the federal government said in the report that the nation has the fourth-highest obesity rate in the world.
But the industry’s future is uncertain.
The poultry industry was founded in the late 19th century, and today, the industry makes up a third of the nation’s meat.
It is estimated that about $600 billion is spent annually on turkey production, which accounts for roughly 35% of the industry.
The industry’s stock price is up more than 50% in the last two years.