Posted on 09/12/2011 5:47:56 PM PDT by djf
NEW HANOVER COUNTY, NC (WECT) – You may see fewer peanuts on grocery store shelves this year and will likely pay more for peanut butter.
The US Department of Agriculture estimates this year's peanut crop could be 13 percent smaller than last year's because many farmers in Georgia and Texas have lost their crops to dry and hot weather conditions.
Many farmers in our area believe the demand for peanuts could help the local economy, despite also suffering a loss.
Some peanut butter companies have already raise their prices by a least 50 cents.
Here in NE Louisiana, we are actually having a pretty good year cotton-wise. We will start picking next week and have been pleased with the look of both the irrigated and dryland crops. The couple of rains that we did get came at the right times.
The commodity market is played by a bunch of people who have never seen an actual field. The farmers, who ARE agriculture, don't get to decide how much they charge unless they have tens of millions of dollars worth of storage and can hold their harvests and wait for a favorable market.
There is "a bad year" somewhere or several somewheres in the world every year. That is the weather and natural disasters, not producers making excuses.
You got off to good start, but forgot to stop once you asked the pertinant question;
Is there any segment of the US agricultural industry that prices their product?
The answer is no, the pricing occurs above the agricultural layer.
My grandfather raised a field of them in Oregon during the early ‘40s. I don’t remember how well they did (I was kinda young) but I do remember eating some of them. If I had some acreage I might give thema try.
If you want to see wrong, check this out.
Given the state of the economy, this is huge and serious. /notjoking else I’d have said hugh and series
Man O Man hope that peanut butter else mommy gonna be upset.
Err thats almonds you posted. No pecan I grew ever looked like that.
I think I’ll buy several pounds of shelled and vacuum seal them in the gallon mason jars I bought.That should keep them good for a year or more.
Sounds like a plan!
I need to stock up on spices. Black pepper, garlic powder, etc.
I go through black pepper like you wouldn’t believe, luv the stuff!
Same with cats.One of the older one we lost loved peanut butter it would take him an hour to quit licking and making faces while he did it.It was hilarious.
Supply and demand trump statistics every time.
Duh. They’d be going up anyway. Everything has gone up. Everything has gone up a lot the last year. 15-20% on average.
Peanuts are the largest export of many west African nations. I’m surprised we’re not being force fed the damn things yet.
I almost choked to death looking at that pic. Should put some kind of warning up. Hilarious.
Squirrely!
Nutella is stupid-good. My kids adore it. Sometimes they even use Nutella and peanut butter together... similar to a peanut butter cup sandwich. YUM!
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