Tag Archives: Markets

Peanut Pointers

DAVID JORDAN North Carolina State University Extension Agronomist Tools Help Identify Risk Considering all the possibilities at planting can be daunting. Having a plan is essential and being able to adjust as needed, and quickly, are keys to success. Over the years, I have been responsible for handling local arrangements for several mid-size meetings like our annual APRES meeting. As ... Read More »

NPBPA Convention Recap

Speakers from the buying point convention offer some thoughts on the 2016 season. The National Peanut Buying Points Association, representing more than 400 peanut buying locations, held their annual convention in February at the famous Peabody Hotel in Memphis, Tenn. The following is a recap of some of the presentations made at the convention. Make Data-Based Decisions Karl Zimmer, CEO ... Read More »

News Briefs

U.S. Peanut Crop Value According to USDA’s National Agricultural Statistics Service, the price of peanuts averaged 19 cents per pound or $380 per ton last season, 13.6 percent lower than 2014. The value of the 2015 peanut crop at farm level is $1,186,903,000, a 2.3 percent increase from 2014. The highest average price was paid in North Carolina at $474 ... Read More »

An Uphill Climb

For decades, Thimet has provided peanut farmers consistent, reliable thrips control under variable weather conditions. With new products continually being introduced, recent research shows Thimet is still the product that provides consistent control of thrips, aiding in additional yield with a positive return on investment. Based on independent, academic research conducted by scientists at multiple universities during the summer of ... Read More »

Fallout from cost cutting will change the industry landscape

Unless the Southeast region of the peanut belt experiences a weather disaster, such as a drought or a major flood, peanut prices will likely stay flat during the 2016 growing season and beyond. Shellers are using every way possible to discourage wall-to-wall peanut acreage because they know that another bumper crop is likely to keep shelled peanut prices too low ... Read More »

Peanut Pointers

DAVID JORDAN North Carolina State University Extension Agronomist Protect Those Products In production meetings, we have discussed the challenges in pest management. In some ways, we have many tools that are very effective. Our strong yields of late have been realized by a number of factors including plant protection. Will we have everything we need in the future? In North ... Read More »

Survival means bringing supply more in line with demand

The American peanut industry has been jolted by the low prices caused by increased acreage, increased yields and a generic base from cotton that resulted in even more peanut acreage. Because other commodities that could compete with peanut acreage offer low prices as well, producers have little choice in an effort to survive. The situation creating the need to go ... Read More »

News Briefs

Purchasing Commodity Certificates The U.S. Department of Agriculture has announced that producers who have crops pledged as collateral for a marketing assistance loan can now purchase a commodity certificate that may be exchanged for the outstanding loan collateral. The authority is provided by the 2016 Consolidated Appropriations Act, legislation enacted by Congress in December. Commodity certificates are available beginning with ... Read More »

Key Considerations Before Planting

key considerations for planting

Warehouses already brimming with peanuts and the consequences of shortened rotation schemes are two important points going into 2016. By Amanda Huber As planning for the 2016 crop begins, producers are already being cautioned to not plant a single seed until they have secured a place to store the harvested peanuts. The 2015 crop was the second largest on record, ... Read More »

Market usage must increase at a faster rate to keep pace with supply

Decisions, decisions, decisions. A producer’s goals include protecting the land and crop potential production with recommended crop rotation, surviving the lowest commodity prices in recent memory while reducing the cost of production so a profit shows at harvest, and then growing quality peanuts for the market and not for the government. Those are great goals; however, each farmer is different ... Read More »