peanut butter challenge

The 15th Annual Peanut Butter Challenge

University of Florida Extension Service and Florida A&M are all teaming together to again sponsor the 15th annual Peanut Butter Challenge. During October and November, all collected peanut butter will be distributed to local food pantries this winter. A total of 38 of Florida’s Extension Service offices will be collecting the protein-packed favorite. Participating county extension offices will collect sealed, …

peanut

Challenges in the Peanut Industry

Last year across the peanut belt, a surprise, the government shut down. That sent shockwaves across the peanut industry as the government shutdown caused no loans to be paid to the farmers, but it took a miracle to open the Federal State Inspection Service and allow peanuts to be graded and set aside and to be paid for later. Farmers …

peanut market

Peanut Market Trends

Checking on the peanut market right now on trends they say. The international market has picked up a lot with more activity than the U.S. domestic market. That comes from brokers dealing in peanuts. The international market is faced with dwindling supplies from all origins with the same problem the U.S. is having now with only coming possibly from the …

export

Export Peanut Struggles

The European Union has long been a major buyer of peanuts from the United States, but we’ve got a problem right now with the testing. Despite our efforts, the data shows that the percentage of loads that have been rejected by the EU ports that fail to meet the aflatoxin requirements has decreased. That means the peanuts are cleaner from …

peanut market

Peanut Market Updates

Checking on the market for peanuts. The international market right now is faced with a dwindling supply from all origins with the only help coming possibly from the U.S. and a few from China. Nonetheless, China continues to face struggle with its exchange rate and its high freight rates. The U.S. should be able to help some with that, at …

peanut crop

Peanut Crop Updates

USDA’s Ag Statistics Service reports the peanut crop as being about seven percent excellent, 51 good, 32 fair, and eight poor. The whole harvest is only 12 percent harvested so far. Their five-year average is only 13. In Georgia, the biggest news is that they’re getting pretty dry. According to Scott Munford, the peanut specialist, he says that the leaf …

peanut market

Peanut Market Reports

Checking on the peanut market and the marketing factors right now. The USDA has given us an estimate on what the acreage would be this coming year. Farmers have reported the amount of acres they did planted in the ground and they’re saying now we’re going to have 1,360,000 acres and that is down 28% from last year. Average yield …

Peanut Digging

Peanut Digging and Processing Begins

Well, the peanut world is busy right now bringing in the crop. Peanuts are being dug every day. Then they’re carried to the local buying point to determine the moisture and then pay the farmer. The early peanut harvest contracts were offered earlier, but they were not high enough and farmers cut back on acres. The acreage cut back was …

peanut market

American Peanut Council Shares Peanut Market Updates

Well, how are the peanut markets doing? According to the American Peanut Council, the latest data shows that the U.S. is holding steady despite some headwinds. They said total exports for July 26 were 12,944 metric tons. This is up from last year’s 10,703 metric tons during the month of July. Also, the year before that, 24 was 10,545. So, …

peanut crop

Peanut Crop Estimate Changed

The 26 peanut crop estimates has been changed and lowered a little bit, but as of August the 30th, the 63% of the peanut acreage was rated good to excellent condition, one percentage point behind the previous week and eight percentage behind that same time last year. The crop reports that the crop is 6% excellent, 55% good, 29% fair, …