PEANUT MARKETING NEWS –October 1, 2021 – Tyron Spearman, Editor (127)

SUNSHINE AND GOOD DRYING CONDITIONS – Southeast and VC peanut farmers are excited to see clear skies for several
days, ideal for drying peanuts. The temps are cooler(60’s), which will slow maturity of the peanuts, however, the peanuts can cure
under the sunshine and prepare for combining (reduce moisture of the peanuts). Mechanical dryers are in full blast around the clock
as peanuts arrive at the buying points. When moisture is reduced to 10% or less, the peanuts are stored in a peanut warehouse.
The good news is that the dry conditions are predicted to continue the next several days. Reports from buying points indicate
an above average crop but not the super yielding crop that some expected. Little or no aflatoxin is being observed and grades are very
good.
BUYING POINTS GET READY FOR SAFETY - Buying point managers are uniting with the inspection services to provide safe
and clean facilities to prevent the spread of the COVID virus. Should inspectors show up for work with a temperature, they are
dismissed and standby personnel are assigned to that buying point. Georgia has an entire team ready to move in should an
outbreak of COVID occur.
• Providing hand-washing stations in close proximity of the grade room
• Hand-washing areas should remain supplied with soap and paper towels
• Restrooms should follow regular and frequent cleaning and sanitizing practices
• Adding partitions to separate GAFSIS employees from buying point personnel where feasible
• Request all buying point personnel to limit interaction with GAFSIS employees and other state employees.
GEORGIA PEANUT FARM SHOW –NOW 2 days, the 2022 Georgia Peanut Farm Show & Conference is Wednesday &
Thursday, January 19-20, 2022, Location - University of Georgia Tifton Campus Conference Center, Tifton, Georgia.
Tuesday, Jan. 18: 10:00 a.m. Exhibit Hall & Show Office Open for Exhibitor Registration / Work Crews for Unloading
5:30 p.m. Exhibit Hall Closes, *All Large Equipment Exhibitors Must Set-Up This Day
Wednesday, Jan. 19: 8:30 a.m. Exhibit Hall & Show Office Open for Exhibitor Registration / Work Crews Available
11:00 a.m. Exhibitor Lounge Open
1:00 p.m. Show Opens
5:00 p.m. Show Closes
6:30 p.m. Exhibitor Reception
Thursday, Jan. 20: 7:30 a.m. Exhibit Hall & Show Office Open for Exhibitor Set-up
8:00 a.m. Show Opens
12:00 p.m. Show Luncheon & Awards Program
2:00 p.m. Grand Door Prize Drawing
2:30 p.m. Show Closes
Exhibit space is still available. Early-bird date for reduced rates is Nov. 5, 2021. For packet, contact hannah@gapeanuts.com
PRICE LOSS COVERAGE ASSISTANCE – July average price received by farmers is posted at $432 per ton or $.216 per pound.
Most farmers chose the PLC program for 2020-21 crop. PLC payments are expected for last season’s crop, given today’s USDA
2020-21 projected price of $430 ton which is below 2021 Effective reference price of $535 per ton. This preliminary estimate of
$105/ton difference should be applied to the 85% of the peanut’s base tons per acre on your farm to estimate the PLC payment per
acre. The PLC covers through July 2021. August starts a 2021-22 marketing year.
This final estimated payment will depend on the actual PLC base yield from your farm and is expected to be announced the
first week of October and paid during October 2021 for low prices of last year.
REPORTS ON THE U.S. PEANUT MARKET - Trading during the last week was limited and while last week’s price level
remained unchanged, some market participants reported that there is the potential of prices moving lower as the crop is harvested.
So far, it seems like buyers are sitting out to see if the price will move any lower as it gets into harvest. It hasn’t been heard
of anything trading under 50 cents/lb but it could be seen that happening especially as Chinese interest for farmer stock is dead and
Chinese buyers look to be well covered for now.
It has been seen a couple of clients need a load or two to get cover until new crop is available. Clients who need a couple of
loads are paying around a cent/lb higher than they would be if they were looking for new crop supplies later in the year. Reports
are that buyers are waiting to get a better handle on the U. S. crop and total production. If fertilizer and fuel prices continue to
increase for corn, cotton and soybeans, market pressure will exist to plant more peanuts in 2022.