STAT Communications Ag Market News

Peanut Crop Remains Above 2022

WASHINGTON Oct 12/23 - SNS -- Peanut production is forecast at 6.25 billion pounds in 2023, down 1% from the previous forecast, but up 13% from 2022, according to the USDA's latest crop estimates.

Area harvested is expected to total 1.60 million acres, unchanged from the previous forecast but up 16% from 2022

Based on conditions as of October 1, the average yield for the United States is forecast at 3,905 pounds per acre, down 48 pounds per acre from the previous forecast and down 103 pounds per acre from 2022. The yield in South Carolina is forecast to be a record high.

Peanut Area Planted and Harvested, Yield, and Production - States and
United States: 2022 and Forecasted October 1, 2023
--------------------------------------------------------------------------------
                :         Area planted          :        Area harvested
      State     :---------------------------------------------------------------
                :     2022      :     2023      :     2022      :     2023
--------------------------------------------------------------------------------
                :                          1,000 acres
                :
Alabama ........:      165.0           175.0           163.0           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             6.1            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           117.0           205.0
Virginia .......:       29.0            29.0            28.0            29.0
                :
United States ..:    1,450.3         1,650.0         1,383.1         1,599.8
--------------------------------------------------------------------------------
                :           Yield per acre            :       Production
      State     :---------------------------------------------------------------
                :           :          2023           :            :
                :   2022    :-------------------------:    2022    :    2023
                :           :September 1 : October 1  :            :
--------------------------------------------------------------------------------
                :   ----------- pounds -----------      ---- 1,000 pounds ----
                :
Alabama ........:   3,400       3,300        3,000        554,200      516,000
Arkansas .......:   5,200       5,000        5,000        166,400      170,000
Florida ........:   4,050       3,200        3,000        575,100      453,000
Georgia ........:   4,210       4,300        4,300      2,862,800    3,311,000
Mississippi ....:   4,500       4,400        4,400         63,000       79,200
New Mexico .....:   2,530       2,700        2,700         15,433       29,160
North Carolina .:   4,370       4,250        4,200        506,920      516,600
Oklahoma .......:   3,720       4,000        4,000         63,240       56,000
South Carolina .:   4,150       4,000        4,200        282,200      306,600
Texas ..........:   2,800       3,300        3,300        327,600      676,500
Virginia .......:   4,500       4,700        4,600        126,000      133,400
                :
United States ..:   4,008       3,953        3,905      5,542,893    6,247,460
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