9% Drop in Peanut Area Seen
WASHINGTON - Mar 31/16 - SNS -- Peanut growers intend to plant 1.48 million acres in 2016, down 9% from the previous year, according to the USDA's seeding intentions report for 2016.
The expected decrease in planted area is largely driven by price concerns due to the large supply of peanuts.
Over the last two years, growers increased peanut acres in many States due to relatively low prices of other crops creating a large supply going into the 2016 crop year. In Georgia, the largest peanut-producing State, expected planted area is down 7% from 2015.
Peanut Area Planted - States and United States: 2014-2016
----------------------------------------------------------------------------------------------------
: Area planted
State :-------------------------------------------------------------------------------
: 2014 : 2015 : 2016 1/ : Percent of
: : : : previous year
----------------------------------------------------------------------------------------------------
: ----------------- 1,000 acres ----------------- percent
:
Alabama ............: 175.0 200.0 170.0 85
Arkansas 2/ ........: (NA) (NA) 18.0 (X)
Florida ............: 175.0 190.0 150.0 79
Georgia ............: 600.0 785.0 730.0 93
Mississippi ........: 32.0 44.0 40.0 91
New Mexico .........: 4.5 5.0 5.0 100
North Carolina .....: 94.0 90.0 95.0 106
Oklahoma ...........: 12.0 10.0 9.0 90
South Carolina .....: 112.0 112.0 110.0 98
Texas ..............: 130.0 170.0 130.0 76
Virginia ...........: 19.0 19.0 19.0 100
:
United States ......: 1,353.5 1,625.0 1,476.0 91
----------------------------------------------------------------------------------------------------
(NA) Not available.
(X) Not applicable.
1/ Intended plantings in 2016 as indicated by reports from farmers.
2/ Estimates began in 2016.
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