Tag Archives: Farm Bill

Crop conditions expected to affect final yield

peanuts, center pivot

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 under irrigation. However, late-planted and dryland peanuts are showing damage and increased aflatoxin. It is too early to tell the ... Read More »

News Briefs

U.S. capitol

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 a Farm Bill!” Peterson said that it was good news the way it played out, but it was hard fought ... Read More »

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

peanut exports

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 as sufficient supplies worldwide are available at reasonable prices. If shellers offered a 2019 farmer-stock contract, it would be near $350-$385 ... Read More »

News Briefs

national peanut board logo

2018 Farm Bill Becomes Law President Donald Trump signed a $428 billion Farm Bill into law Dec. 20. It is entitled, “The Agriculture and Nutrition Act of 2018.” At the signing ceremony in Washington, D.C., he pledged “through fires, floods and freezing weather, we will always stand with American farmers.” U.S. Secretary of Agriculture Sonny Perdue called the bill a ... Read More »

S.C. Gets A Seat

amanda huber

Although most of the peanut field provisions in the 2018 Farm Bill are the same, there is a change for producers of one state. U.S. Sens. Lindsey Graham (R-S.C.) and Tim Scott (R-S.C.) introduced the South Carolina Peanut Parity Act, which was included in the Farm Bill and passed the Senate and the House of Representatives as a part of ... Read More »

News Briefs

Texas peanut harvest tour

Farm Bill Provides Stability The Agriculture Improvement Act of 2018 passed out of the U.S. Senate by a vote of 87 to 13 and the U.S. House of Representatives with a vote of 369 to 47. At press time, the legislation was awaiting President Trump’s signature. “We are glad to see that the bill has passed the House and Senate. ... Read More »

Wide Swath Of Industry Infrastructure Damaged

Hurricane Michael Damage to Georgia

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 percent of the Southeast peanut crop dug and harvested, Hurricane Michael plowed into the Florida Panhandle with 155 mile per ... Read More »

News Briefs

Birdsong Warehouse burns

2018 Farm Bill The 2014 Farm Bill expired on Sept. 30, 2018. Congressional leaders now face the task of finding a compromise that can be approved by both chambers in a lame-duck session after the mid-term election. President Trump must sign the bill by the end of the calendar year. Rep. Mike Conaway (R-TX) says the impasse is bigger than ... Read More »

News Briefs

PB&J competition

Senate Ag Comm. Passes Bill The U.S. Senate Committee on Agriculture, Nutrition & Forestry marked up the Agriculture Improvement Act of 2018 and delivered on promises for bipartisan legislation from Committee Chairman Pat Roberts, R-Kansas, and Ranking Member Debbie Stabenow, D-Michigan. The Farm Bill passed through committee with a 20-1 vote. “We are very pleased the bill is moving forward. ... Read More »

Growing Carryover Tonnage Suppresses The Market

The peanut market is about as stirred up as a large jar of mixed nuts. Nationally, Congress is wavering on passing the Farm Bill. Trump continues to talk of unfair trade agreements and farmers are expecting retaliatory tariffs on farm products. Planting season was first facing a drought. Then, it rained for three consecutive weeks delaying the planting of about ... Read More »