STAT Communications Ag Market News

Peanut Forecast Lowered

WASHINGTON - Sep 10/21 - SNS - This year's peanut harvest is expected to reach 6.35 billion pounds, down 4% from the previous forecast but up 3% from 2020, according to the latest USDA production estimates.

Acreage updates were made in several States based on a thorough review of all available data. Planted area, at 1.58 million acres is down 3% from the previous estimate and down 5% from the 2020 planted area. Area harvested is expected to total 1.53 million acres, down 3% from the previous forecast and down 5% from 2020.

Based on conditions as of September 1, the average yield for the United States is forecast at 4,141 pounds per acre, down 42 pounds per acre from the previous forecast but up 345 pounds per acre from 2020. Record high yields are forecasted in Alabama and South Carolina.

Peanut Area Planted and Harvested - States and United States: 2020 and 2021
[Includes updates to planted and harvested area previously published]
------------------------------------------------------------------------------------------
                  :           Area planted            :          Area harvested
       State      :-----------------------------------------------------------------------
                  :      2020       :      2021       :      2020       :     2021 1/
------------------------------------------------------------------------------------------
                  :                              1,000 acres
                  :
Alabama ..........:       185.0             185.0             182.0             182.0
Arkansas .........:        39.0              36.0              38.0              35.0
Florida ..........:       175.0             170.0             165.0             160.0
Georgia ..........:       810.0             760.0             800.0             750.0
Mississippi ......:        23.0              18.0              22.0              17.0
New Mexico .......:         6.2              11.0               4.8              11.0
North Carolina ...:       108.0             115.0             106.0             113.0
Oklahoma .........:        15.0              16.0              14.0              15.0
South Carolina ...:        85.0              69.0              82.0              66.0
Texas ............:       190.0             170.0             175.0             155.0
Virginia .........:        28.0              30.0              27.0              29.0
                  :
United States ....:     1,664.2           1,580.0           1,615.8           1,533.0
------------------------------------------------------------------------------------------
1/ Forecasted.
Peanut Area Harvested, Yield, and Production - States and United States: 2020 and Forecasted
September 1, 2021
--------------------------------------------------------------------------------------------------
                  :   Area harvested    :          Yield per acre           :     Production
                  :-------------------------------------------------------------------------------
       State      :          :          :           :         2021          :          :
                  :   2020   :   2021   :   2020    :-----------------------:   2020   :   2021
                  :          :          :           : August 1  :September 1:          :
--------------------------------------------------------------------------------------------------
                  : --- 1,000 acres --      ----------- pounds ----------    --- 1,000 pounds ---
                  :
Alabama ..........:   182.0      182.0      3,500       4,000       4,000      637,000    728,000
Arkansas .........:    38.0       35.0      4,800       5,000       5,000      182,400    175,000
Florida ..........:   165.0      160.0      3,400       3,900       3,900      561,000    624,000
Georgia ..........:   800.0      750.0      4,100       4,400       4,400    3,280,000  3,300,000
Mississippi ......:    22.0       17.0      4,400       4,100       4,100       96,800     69,700
New Mexico .......:     4.8       11.0      3,000       3,100       3,100       14,400     34,100
North Carolina ...:   106.0      113.0      4,000       4,000       3,900      424,000    440,700
Oklahoma .........:    14.0       15.0      4,200       4,200       4,000       58,800     60,000
South Carolina ...:    82.0       66.0      3,400       4,000       4,000      278,800    264,000
Texas ............:   175.0      155.0      2,800       3,550       3,350      490,000    519,250
Virginia .........:    27.0       29.0      4,100       4,400       4,600      110,700    133,400
                  :
United States ....: 1,615.8    1,533.0      3,796       4,183       4,141    6,133,900  6,348,150
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