Peanut crops got hit hard by drought, low crop yields, close to 50% of average.
Been hearing about this coming for months now, it’s finally arrived.
We stocked up, large, before the price hikes.
We did too.
Last weekend we went to Costco and bought enough to last us well into 2013. It felt strange going through the check stand with that much peanut butter. ;>)
Over the past few years, I have become a serious hoarder. I’m a diabetic... I can’t be without my peanut butter. LOL Next weekend we will stock up on canned nuts.... another diabetic requirement.
Many farmers didn't even plant peanuts or cotton in Texas this year due to the drought. Corn and milo were probably less than half yields. All the fields in central Texas have little or no crops at all.