Mike Pearson takes a look at the growing consumption of peanuts and the increasing acreage planted in peanuts.

August 8, 2023

Mike Pearson looks at the consumption of peanuts and peanut oil. Did you know Americans consumer 10 pounds of peanuts a year?

The 24th annual Southern Peanuts Growers Association meeting was held in late July where it was discovered that 7 percent more acres were planted in 2023.

While some fields of peanuts have struggled due to floods and other weather effects this year-- overall the crop looks good.

Another area discussed was policy and that means the Farm Bill.

The farm bill is probably facing an extension and not the creation of a new one in 2023. Legislators say a new one probably won't be ironed out this year and a decision will be made in late September to pass an extension. The good news is that it probably won't have a big effect on the industry.

Something else discussed at the meeting was new uses for peanuts. These include using them to feed chickens and other non-food uses.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, a farm broadcaster and host of This Week in Agribusiness.

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