Dec. 14, 2017
Peanuts are expected to be especially plentiful in the 2017/18 marketing year, as record acreage of planted peanuts and high yields per acre are on track to produce the largest peanut harvest of all time.
If realized, the 7.6 billion pounds of peanuts expected would exceed the previous record of 6.7 billion pounds in 2012.
The 2017 forecast predicts a significant change from 2016 with 37 percent more peanuts produced.
The projected growth is due to a 15-percent increase in yield per acre and a 19-percent increase in acreage harvested.
The record production will likely mean a significant increase in peanut exports, which had already doubled since 2011.
At the State level, record high yields are forecast in Georgia, Mississippi, and South Carolina.
If realized, production in Georgia and South Carolina will be the highest on record.
Georgia is the largest producer of peanuts in the United States and is responsible for growing roughly 50 percent of all the country’s peanuts.
This chart is drawn from the ERS Oil Crops Outlook, released in November 2017.