I have many farmers who want to talk about the peanut market when they call or visit for pod blasting, as if it is something that is within our control.
Most area farmers took a substantial risk this year by planting a crop without any contract, and they are looking for any help they can get to make marketing decisions.
I’m no economist, but I try to keep up with the various USDA and NASS reports and keep an ‘inhouse’ spreadsheet of production and usage. Here are a few thoughts on supply, demand, and carryover using the current “expectations.”
Nathan Smith, University of Georgia Extension Ag Economist, recently provided some graphics that help show the situation clearly.
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