2020 Crop Value
According to the U.S. Department of Agriculture’s National Agricultural Statistics Service, peanuts averaged about 21 cents per pound or $414 per ton last season, 1% higher than 2019. The value of the crop at the farm level...
More Assistance To Farmers, Ranchers
Senate Agriculture Appropriations Committee Chairman John Hoeven recently announced the approval of $19 billion for the Coronavirus Food Assistance Program to support farmers and ranchers during the COVID-19 pandemic. The program includes $16 billion in...
The U.S. peanut market is said to be difficult with producers awaiting marketing signals on how many acres of peanuts to plant. Shellers are struggling to meet deliveries of current contracts and still show little interest to sell more...
The U.S. Department of Agriculture’s Commodity Credit Corporation announced corrected 2019 crop loan rates. Loan rates published in June were incorrectly calculated.
The 2014 Farm Bill established the national loan rate for peanuts at $355 per ton, which is unchanged...
The U.S. market is in a “wait and see” mode. The Southeast, where 70% of peanuts are grown, is experiencing hot and dry conditions, one of the longest such periods in history.
Early planted peanuts were considered good, especially those...
Peanuts Included In Tariff Mitigation Plan
U.S. Secretary of Agriculture Sonny Perdue has announced that the USDA will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption.
The Trump administration announced its plan...
Production for peanuts in 2019-20 is projected by USDA to be up 3 percent to 5.6 billion pounds based on modest increases in intended planting and yield. The NASS Prospective Plantings report showed most peanut acreage gains are expected...
Farm Bill Called ‘A Miracle’
At the National Peanut Buying Points Association Annual Convention, U.S. House of Representatives Agriculture Committee Chairman, Collin Peterson (D-Mn) said, “It was a miracle with all the problems we had to face that we got...
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