Modest Increase in Peanut Crop
WASHINGTON - Oct 10/14 - SNS -- Peanut output in the United States is forecast at 4.98 billion pounds, up slightly from the September forecast and up 19% from last year's revised production of 4.17 billion pounds, according to the USDA's latest crop report.
Area for harvest is expected to total 1.31 million acres, unchanged from September but 25% higher than 2013.
Based on conditions as of October 1, the average yield for the United States is forecast at 3,812 pounds per acre, up 12 pounds from the September forecast but 189 pounds below the revised 2013 average yield of 4,001 pounds per acre.
As of September 28, 12% of the 2014 peanut crop had been harvested, slightly ahead of the same time last year but 3 percentage points behind the five-year average. Fifty-six% of the crop was rated in good to excellent condition on September 28, compared with 59% at the same time last year.
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