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News Briefs: March 2023

Farm Bill Hearing For Senate Ag The Senate Agriculture Committee held its first Farm Bill hearing in the new Congress on Feb. 1, 2023, with newly sworn in USDA Under Secretary for Trade and Foreign Agricultural Affairs, Alexis Taylor, a...

News Briefs

Going After Aflatoxin Aspergillus flavus presents a significant threat to the U.S. peanut industry. The expression of A. flavus, aflatoxin, impacts every aspect of the peanut supply chain. Even in a low-aflatoxin year, such as 2020, costs range into the...

Rotational Crop Prices Bring Market Positives

The 2021 season opens with lots of positive trends. The pandemic is winding down as vaccine distribution continues. Row-crop farm prices have increased going into planting season with cotton near 85 cents per pound and corn over $5 per...

News Briefs

Crop Quality Loss Payments The U.S. Department of Agriculture’s Farm Service Agency recently announced signup for the Quality Loss Adjustment program. Funded by the Further Consolidated Appropriations Act of 2020, this new program provides assistance to producers who suffered eligible...

New Briefs

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...

A Good Quality Crop Is Needed In 2020

COVID-19 is bringing more stress and worry to the agriculture picture. If there is a positive in this, it is that demand for peanuts and peanut butter will increase as more people are eating at home. The easy-to-use, nutritious,...

USDA expects to begin 2nd round of MFP payments before Thanksgiving

The U.S. Department of Agriculture is expected to begin making the second round of 2019 Market Facilitation Program payments the week before Thanksgiving to help farmers suffering from trade retaliations by foreign nations. Producers of MFP-eligible commodities will be...

Crop conditions expected to affect final yield

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...

News Briefs

2018 Peanut Crop Value According to USDA’s National Agricultural Statistics Service, the price of peanuts averaged $0.214 per pound ($428 ton) last season, 6.5 percent lower than 2017. The value of the 2018 peanut crop at farm level is $1,155,709,000,...

Less Carry-Over Than 2018, But Still An Abundant Supply

The entire peanut industry is in a holding pattern. Neither buyers, nor shellers or even farmers can make an informed decision about what to do in 2019 crop year. Buyers for both domestic and export are only buying hand-to-mouth...

All Eyes Will Be On 2019 Planting Intentions

A peanut broker recently told farmers that the price of peanut kernels was indicating to shellers that we will need fewer peanuts in 2019 than was handled in 2018. This is because of weak domestic demand and uncertainty with...

Wide Swath Of Industry Infrastructure Damaged

The peanut industry has been jolted by two hurricanes this season. Florence hit North and South Carolina as harvest was about to start with flooding that caused rivers to overflow and covering crops waiting to be harvested. With about 40...

Did Planting Conditions Drive Acreage Toward Further Reduction?

When we talk about peanut marketing, it’s supply versus demand that eventually rules. The government provides some stability and market protection for the grower; however, prices are influenced by the available peanut supply either in the loan or in...

The Contracting Trend Takes A Year Off Going Into Planting

It’s planting time and decisions on what to plant have been made by now. The decision was easy for some producers, especially contract growers, who plant for rotation and pray for a good crop. But for many, it’s the...

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