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, …

peanut crop

Updates on Peanut Crop Numbers

USDA in Washington has lowered the estimate on the peanut crop. Crop production report from Federal State Inspection Service and USDA has cut the 2026 U.S. peanut crop from 5.27 billion pounds, cut it 152,000 pounds since August because of lower yield and lower planted acres. The smaller crop points to lesser forward balance moving into next year. Overall, planted …

endowment

Endowment helps benefit the Southeast Peanut Industry

University of Georgia’s peanut team, research and extension endowment continues to provide support for research, education, and extension outreach that directly affects peanut farmers in Georgia and even in the southeast. Established in 2013, an initial $100,000 contribution was provided by the Georgia Federal State Inspection Service. This is an endowment that’s created to provide a permanent source of funding …

peanut festivals

Upcoming Peanut Festivals

There’s a big day in September. It’s September the 13th. It’s better known as National Peanut Day. It honors the versatility and the rich heritage of peanuts, which are a beloved snack in America. The National Peanut Day is a chance to work some peanuts into a healthy diet or used anyway as a tasty lunchbox snack or in a …

federal peanut program

Federal Peanut Program Updates

A part of the federal peanut program passed by Congress is the ARC program and the PLC program. Farmers in the peanut area usually sign up for the PLC, price loss coverage. That means that the average price of peanuts this past year is much lower than the suggested reference price that’s the Farm Bill. The Farm Bill has a …