Monday, November 26, 2012

What a Peanut Crop

Georgia has a whopper of a peanut crop on our hands.

The growing season was one of the best ever and the new varieties showed their potential.

The state average yield will bust the previous average by over 600 pounds to the acre if current predictions hold.

Farmers who have not yet marketed peanuts and who have no contract would be well served to wait until after January 1 to put peanuts in the loan. This allows until the end of October to make marketing decisions and the 2013 situation will be evident by then.

Anticipate few if any contracts at planting and if alternatives are available with other commodities expect a sharp decline in acres in Georgia for 2013.

1 comment:

city said...

thanks for sharing.