The faltering agriculture economy tops the list of issues that cause folks in the peanut industry to lose sleep, but those same insomniacs note several significant opportunities that ease their minds.
Farm Press asked four knowledgeable peanut professionals to weigh in on their top concerns for the industry but also to comment on hopeful opportunities during the recent Southern Peanut Growers Conference in Panama City Beach, Fla.
Malcolm Broome, executive director, Mississippi Peanut Growers Association; John Powell, executive director, American Peanut Shellers Association; Marshall Lamb, USDA-ARS research leader at the National Peanut Research Lab in Dawson, Ga.; and Tyron Spearman, executive director of the National Peanut Buying Point Association and editor, Peanut Farm Market News, talk peanuts.
Depressed ag economy
They start with their concerns. “The ag economy is depressed with current low crop prices,” says Lamb. “Also, environmental stresses, including drought last year, the hurricane and then rain last fall, have created a lot of stress financially on the farm, in the Peanut Belt as well as in the Midwest Grain Belt.
“Farmers are struggling. That worries me because farm security is tied to food security in this country. And we want to make sure that we continue to have abundant and affordable food.”