Peanut growers hit with weather and input costs in 2023

Published 2024년 1월 5일

Tridge summary

Extreme weather conditions in 2023, including high temperatures and drought, impacted the peanut crop in the Southern U.S., leading to a 6.5% decrease in the average yield compared to the previous year. Despite the weather challenges, it is projected that total peanut yield for 2023 will still surpass the 2022 total. Issues including extreme weather, late planting, irrigation, high humidity, and labor costs all impacted peanut growers in different regions, making it a challenging year for peanut production. Despite these challenges, the demand and versatility of peanuts as a food ingredient remain strong.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Like many other crops in the Southern U.S., peanuts took a hit from the high temperatures and drought in the region late last summer. U.S. peanut producers planted 1.6 million acres of peanuts in 2023, an increase of 12.9% over the previous year. But according to Bob Parker, president and CEO of the National Peanut Board, weather conditions knocked about 150 pounds off this year’s yield. “The latest yield estimate by USDA is 3,740 pounds per acre compared to 3,905 pounds per acre on Oct. 1, Parker said during a peanut outlook meeting held Nov. 30. “That yield would be, if it materializes, approximately 6.5% lower than the yield in 2022.” Parker noted that the Nov. 1 USDA harvest estimates of 2,994,000 short tons does not yet include about 50,000 tons of peanuts produced in Missouri, which would make total U.S. harvest slightly over 3 million short tons. “We have an increase of 12.9% in acres in plantings, a decrease in average yield of 6.5%,” he said. “We do have a substantially ...

Source: Farm Progress