STAT Communications Ag Market News

Peanut Harvest to Rise 22%

WASHINGTON - Oct 9/20 - SNS -- Peanut production is forecast at 6.70 billion pounds, down 1% from the previous forecast and up 22% from the revised 2019 total of 5.47 billion pounds, according to the USDA's latest crop production estimate.

Area harvested is expected to total 1.62 million acres, unchanged from the previous forecast and up 17% from 2019.

Based on conditions as of October 1, the average yield for the United States is forecast at 4,125 pounds per acre, down 60 pounds per acre from the previous month's forecast but up 191 pounds per acre from the revised 2019 yields. Record high production is forecasted in Georgia.

Peanut Area Planted and Harvested, Yield, and Production - States and
United States: 2019 and Forecasted October 1, 2020
--------------------------------------------------------------------------------
                :         Area planted          :        Area harvested
      State     :---------------------------------------------------------------
                :     2019      :     2020      :     2019      :     2020
--------------------------------------------------------------------------------
                :                          1,000 acres
                :
Alabama ........:      160.0           185.0           156.0           182.0
Arkansas .......:       34.0            40.0            33.0            39.0
Florida ........:      165.0           175.0           155.0           165.0
Georgia ........:      675.0           810.0           660.0           800.0
Mississippi ....:       20.0            23.0            19.0            22.0
New Mexico .....:        4.7             6.2             4.7             6.2
North Carolina .:      104.0           107.0           102.0           105.0
Oklahoma .......:       15.0            16.0            14.0            15.0
South Carolina .:       65.0            85.0            62.0            82.0
Texas ..........:      165.0           190.0           160.0           180.0
Virginia .......:       25.0            28.0            24.0            27.0
                :
United States ..:    1,432.7         1,665.2         1,389.7         1,623.2
--------------------------------------------------------------------------------
                :           Yield per acre            :       Production
      State     :---------------------------------------------------------------
                :           :          2020           :            :
                :   2019    :-------------------------:    2019    :    2020
                :           :September 1 : October 1  :            :
--------------------------------------------------------------------------------
                :   ----------- pounds -----------      ---- 1,000 pounds ----
                :
Alabama ........:   3,350       4,100        3,900        522,600      709,800
Arkansas .......:   5,200       4,900        4,900        171,600      191,100
Florida ........:   3,800       4,200        4,000        589,000      660,000
Georgia ........:   4,170       4,500        4,500      2,752,200    3,600,000
Mississippi ....:   4,000       4,500        4,500         76,000       99,000
New Mexico .....:   3,210       3,100        3,100         15,087       19,220
North Carolina .:   4,400       4,200        4,300        448,800      451,500
Oklahoma .......:   4,000       3,600        3,600         56,000       54,000
South Carolina .:   3,800       3,800        3,800        235,600      311,600
Texas ..........:   3,050       2,900        2,700        488,000      486,000
Virginia .......:   4,650       4,300        4,200        111,600      113,400
                :
United States ..:   3,934       4,185        4,125      5,466,487    6,695,620
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