Southern peanut producers are going to have to learn to live with production and price volatility, says Marshall Lamb, research leader at the USDA/ARS National Peanut Research Laboratory at Dawson, Ga.
With almost three-fourths of the U.S. peanut crop concentrated in a relatively small area of three Southeast states, “When you have that much of a commodity produced in that small a geographic area, drought like we had in 2011 can have a tremendous impact,” he said at the annual meeting of the Mississippi Peanut Producers Association at Hattiesburg. “A good weather year like 2012 can have the opposite effect.”
The peanut market, Lamb says, “is basically a roller coaster ride, with a history of ups and downs — good prices that spur acreage increases, followed by oversupply that results in lower prices and acreage cutbacks.
Here are photos of some of the producers, industry representatives, and state, regional, and national organization leaders who attended the meeting.