Tag Archives: trade

News Briefs

coastal growers groundbreaking

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 is $1.27 billion, a 12.7% increase from 2019. Harvested peanut acres were up 16.3%. The highest average price was paid ... Read More »

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 crop quality losses due to natural disasters occurring in 2018 and 2019. The deadline to apply for QLA is March ... Read More »

USDA plans to issue 3rd round of MFP payments

usda logo

The U.S. Department of Agriculture plans to issue the third and final round of 2019 Market Facilitation Program payments aimed at assisting farmers suffering from damage due to trade retaliation by foreign nations. The payments will begin to show up in farmers’ bank accounts by the end of this week. “It’s been a great start to 2020 for American agriculture with ... Read More »

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 »

Trade And Disaster Relief Dominate Market Talk Most Recently

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 for Texas and Florida, where cotton acreage is down 23 percent. The idea that cotton would bounce back to 80 cents ... Read More »