STAT Communications Ag Market News

Peanut Area Rising 29%

WASHINGTON - Mar 31/14 - SNS -- Growers intend to plant 1.38 million acres of peanuts in 2014, up 29% from the previous year, according to the USDA's seeding intentions estimates for 2014.

The expected increase in planted area is mainly due to lower corn and soybean prices. Last year growers decreased peanut acres in many States due to larger supplies and strong grain prices. In Georgia, the largest peanut-producing State, expected planted area is up 53% from 2013.

Peanut Area Planted - States and United States: 2012-2014
----------------------------------------------------------------------------------------------------
                    :                                 Area planted
        State       :-------------------------------------------------------------------------------
                    :       2012        :       2013        :      2014 1/      :    Percent of
                    :                   :                   :                   :   previous year
----------------------------------------------------------------------------------------------------
                    :      ----------------- 1,000 acres -----------------             percent
                    :
Alabama ............:        220.0               140.0               165.0               118
Florida ............:        210.0               140.0               150.0               107
Georgia ............:        735.0               430.0               660.0               153
Mississippi ........:         52.0                34.0                45.0               132
New Mexico .........:         10.0                 7.0                 5.0                71
North Carolina .....:        107.0                82.0                83.0               101
Oklahoma ...........:         24.0                17.0                15.0                88
South Carolina .....:        110.0                81.0                95.0               117
Texas ..............:        150.0               120.0               140.0               117
Virginia ...........:         20.0                16.0                18.0               113
                    :
United States ......:      1,638.0             1,067.0             1,376.0               129
----------------------------------------------------------------------------------------------------
1/ Intended plantings in 2014 as indicated by reports from farmers.

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