It's one of the biggest sporting events of the years. If you're plan a Super Bowl watch party, get ready for some sticker shock.

Avocados are up nearly 12 percent from last year, and the ever so popular chicken wingsare up more than 7 percent. In fact, to host a Super Bowl party for 10 people, plan on spending at least $140.

Today, Dr. Michael Swanson joins us on the podcast. He's the chief agriculture economist for Wells Fargo and has advice for what you need to  know be more thoughtful about your party planning decisions.