But a silver lining has appeared, despite the cloudless skies of 2010. The drought caused a supply-demand crisis that may help farmers in 2011. According to Ken Barton, executive director of the Florida Peanut Growers Association, buyers are already offering higher prices for the coming crop.
Average Peanut Prices per Ton Growth, Peanut Association 2011
The drought resulted in fewer high-quality peanuts going to market. Even though Jackson County farmers were able to realize yields of 3,200 pound-per-acre, many peanuts were crushed for oil rather than being packaged as edible products in candy, raw peanut snacks or for other uses that bring higher prices for growers. Read More...
Peanut price jump not tempting growers
Peanut prices made a significant jump from Feb. 9 to Feb. 16, but contract offerings from shellers are still too low to tempt most farmers to switch acreage from cotton, which at $1.30 per pound offers better profit potential than peanuts at a price lower less than $750 a ton Read More...
High prices may not mean more peanut acres in 2011
Virginia-Carolina peanut growers have done just what the experts said they should do — they got inventories of Virginia-type peanuts down to manageable levels.Buyers did just what the farmers said they should do — they offered contracts for Virginia-type peanuts at $600-$700 a ton. Read More...
Farmers to see better peanut prices in 2011
In fact, peanut acreage in the Wiregrass in 2011 could decline. Some farmers are weighing whether to plant peanuts or cotton, and because the price of cotton is higher it could come out ahead. As commodities, cotton at $1 a pound is comparable to $600 a ton for peanuts, said Randy Griggs, executive director of the Alabama Peanut Producers Association. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment