STAT Communications Ag Market News

Upward Revision In Peanut Yields

WASHINGTON - Sep 12/23 - SNS -- Peanuts production is forecast at 6.32 billion pounds in 2023, up 2% from the previous forecast and up 14% from 2022, according to the latest USDA production estimates for 2023.

Acreage updates were made in several States based on a thorough review of all available data. Planted area, at 1.65 million acres, is up 5% from the previous estimate and up 14% from 2022. Area harvested is expected to total 1.60 million acres, up 4% from the previous estimate and up 15% from last year.

Based on conditions as of September 1, the average yield for the United States is forecast at 3,953 pounds per acre, down 94 pounds per acre from the previous forecast and down 66 pounds per acre from 2022. A record high yield is forecast for Virginia.

Peanut Area Planted and Harvested - States and United States: 2022 and 2023
[Includes updates to planted and harvested area previously published]
------------------------------------------------------------------------------------------
                  :           Area planted            :          Area harvested
       State      :-----------------------------------------------------------------------
                  :      2022       :      2023       :      2022       :     2023 1/
------------------------------------------------------------------------------------------
                  :                              1,000 acres
                  :
Alabama ..........:       165.0             175.0             162.0             172.0
Arkansas .........:        33.0              35.0              32.0              34.0
Florida ..........:       150.0             160.0             142.0             151.0
Georgia ..........:       685.0             775.0             680.0             770.0
Mississippi ......:        15.0              19.0              14.0              18.0
New Mexico .......:         7.3              11.0               6.4              10.8
North Carolina ...:       117.0             125.0             116.0             123.0
Oklahoma .........:        18.0              15.0              17.0              14.0
South Carolina ...:        71.0              76.0              68.0              73.0
Texas ............:       160.0             230.0             120.0             205.0
Virginia .........:        29.0              29.0              28.0              29.0
                  :
United States ....:     1,450.3           1,650.0           1,385.4           1,599.8
------------------------------------------------------------------------------------------
1/ Forecasted.
Peanut Area Harvested, Yield, and Production - States and United States: 2022 and Forecasted
September 1, 2023
--------------------------------------------------------------------------------------------------
                  :   Area harvested    :          Yield per acre           :     Production
                  :-------------------------------------------------------------------------------
       State      :          :          :           :         2023          :          :
                  :   2022   :   2023   :   2022    :-----------------------:   2022   :   2023
                  :          :          :           : August 1  :September 1:          :
--------------------------------------------------------------------------------------------------
                  : --- 1,000 acres --      ----------- pounds ----------    --- 1,000 pounds ---
                  :
Alabama ..........:   162.0      172.0      3,450       3,450       3,300      558,900    567,600
Arkansas .........:    32.0       34.0      5,200       5,000       5,000      166,400    170,000
Florida ..........:   142.0      151.0      3,900       3,800       3,200      553,800    483,200
Georgia ..........:   680.0      770.0      4,250       4,300       4,300    2,890,000  3,311,000
Mississippi ......:    14.0       18.0      4,500       4,400       4,400       63,000     79,200
New Mexico .......:     6.4       10.8      2,500       2,700       2,700       16,000     29,160
North Carolina ...:   116.0      123.0      4,400       4,300       4,250      510,400    522,750
Oklahoma .........:    17.0       14.0      3,650       4,000       4,000       62,050     56,000
South Carolina ...:    68.0       73.0      4,200       3,800       4,000      285,600    292,000
Texas ............:   120.0      205.0      2,800       3,250       3,300      336,000    676,500
Virginia .........:    28.0       29.0      4,500       4,700       4,700      126,000    136,300
                  :
United States ....: 1,385.4    1,599.8      4,019       4,047       3,953    5,568,150  6,323,710
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