Tag Archives: Farm Bill

So Much Red Tape

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As of this writing, the Farm Bill is working its way through Congress with much posturing on all sides, but that is fairly usual for any piece of legislation. In the meantime, Secretary of Ag Sonny Perdue is continuing his work to remove burdensome regulations plaguing family farms. The latest item involves eliminating the requirement for producers to obtain Data ... Read More »

Did Planting Conditions Drive Acreage Toward Further Reduction?

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When we talk about peanut marketing, it’s supply versus demand that eventually rules. The government provides some stability and market protection for the grower; however, prices are influenced by the available peanut supply either in the loan or in the hands of the shellers. Shellers and buying points also have some protection with the market loan program, which furnishes a ... Read More »

News Briefs

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Start Of Farm Bill Fight On April 18, 2018, the House Agriculture Committee passed its 2018 Farm Bill out of committee on a straight party-line vote. All republicans voted for the bill, and all democrats voted against it. The committee has already adopted 17 amendments. The democrats are expected to submit amendments when the bill comes up on the House ... Read More »

New Briefs

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2017 Crop Value According to USDA’s National Agricultural Statistics Service, the price of peanuts last season averaged $0.230 per pound, or $460 per ton, 21.6 percent higher than 2016. The value of the 2017 peanut crop at farm level is $1,638,095,000, a 50.5 percent increase from 2016. Harvested peanut acres were up 16 percent. The highest average price was paid ... Read More »

Farm Bill Hearings Begin

Georgia producer Tim McMillan testified about the PLC program and the effect of generic base. Hearing and listening sessions taking place both in Washington D.C. and around the country over the next several months will be an important part of gathering ideas says U.S. House of Representatives Ag Committee Chairman Mike Conaway and will help ensure that they know producers’ ... Read More »

Strong Contracting Confirms Need For More Peanuts

  Down on the farm, producers are somewhat optimistic as domestic and export demand for peanuts remains strong. Other commodities do not produce such optimism, but prices have improved since Trump was elected President. Peanut producers need a strong crop for rotation. Early indications are for an acreage increase. The first estimate will be issued by USDA on March 30. ... Read More »

Market Watch

Demand For U.S. Peanuts Remains Strong At Home And Abroad The peanut nation has experienced some unusual occurrences that may impact the growth and expansion of the U.S. peanut industry for years. In producing the 2016 crop, these challenges came about as a complete surprise and were met with mixed reviews. First, USDA statisticians over estimated the carryforward from 2015 ... Read More »

Market Watch

Who Would Have Guessed This? The American peanut industry has just experienced one of the most amazing marketing years in history. Based on USDA estimates and with the industry facing an unusually large carry-forward, prices were reduced throughout the industry and cutbacks from the farm to the sheller were encouraged. Farmers were even encouraged not to plant peanuts for the ... Read More »

A Golden Opportunity

A more modern warehouse facility in Vienna, Ga., will mean more efficient unloading and enhanced quality. The increase in peanut tonnage over the last decade has heightened the need to modernize peanut processing facilities. Golden Peanut and Tree Nuts is investing in a significant upgrade and modernization of the company’s warehouse in Vienna, Ga., which will help to increase unloading ... Read More »