Tag Archives: peanut butter

A Good Quality Crop Is Needed In 2020

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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, go-to food makes an ideal meal or snack for families staying at home instead of sending the kids to school and ... Read More »

News Briefs

peanut butter

Loan Repayment Extension Producers now have more time to repay marketing assistance loans as part of the U.S. Department of Agriculture’s implementation of the Coronavirus Aid, Relief, and Economic Security Act of 2020. The loans now mature at 12 months rather than nine, and this flexibility is available for most commodities. The extension applies to nonrecourse loans for crop years ... Read More »

Domestic Usage Takes Big Jump In First Quarter

peanut butter

Never before has the U.S. peanut market been in such disarray with so many unusual circumstances as it is in 2020. The peanut market continues to rise with very thin trading volume. Prices for peanuts testing negative for aflatoxin are about 68 cents per pound for whole peanuts. Blanched material is priced in the mid-70s to low 80 cents per ... Read More »

2019 Crop Wrap Up

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Peanut production is forecast at 5.64 billion pounds for 2019, up 3% from 2018. Harvested area is expected to total 1.38 million acres, up 1% from 2018. The average yield is forecast at 4,080 pounds per acre, up 79 pounds from the 2018 average yield. Record yields were forecast in Florida and North Carolina. In the first week of January, ... Read More »

UF/IFAS Peanut Butter Challenge returns to form with nearly 21,000 jars collected

peanut butter challenge

Last year’s University of Florida Institute of Food and Agricultural Science Extension Peanut Butter Challenge was just getting started when Hurricane Michael hit the Florida Panhandle. As the communities dealt with the aftermath and UF/IFAS Extension offices became collection points for all varieties of donations, the annual peanut butter jar collection became less of a focus than the many items ... Read More »

Loan Rates Corrected

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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 from the previous Farm Bill. CCC calculated the price support levels for each peanut type using the same method as ... Read More »

New Buying Points In Arkansas

arkansas peanuts

A jump in peanut acreage is expected thanks to this new infrastructure. Arkansas may soon see its biggest year in peanut production since the U.S. Department of Agriculture began tracking the crop in the state in 2015 as growers respond to anticipated new buying points and a shelling facility within the next year. Travis Faske, Extension plant pathologist and peanut ... Read More »

Has It Really Been 10 Years?

amanda huber

As the spring rolls on, the hope for better crop prices in peanuts or any rotation partner continues to diminish, as does the hope for a reduction in the peanut stockpile or improved trade. Frequent rains are keeping producers out of the field when they should be planting corn. When this happens, it tends to lead to more peanuts because ... Read More »

Past Production And Yield Pressure Prices

key considerations for planting

The 2019 peanut market for farmers was already weak because of a large carry-over from the 2017 and 2018 crops. Production in 2018 was estimated at 5.46 billion pounds, (2,730,800 tons) down 23 percent from 2017. Planted area was estimated at 1.43 million acres, down 24 percent from 2017. Farmers were cutting back, trying to do the right thing to ... Read More »