When most consumers were questioned about peanuts, they admitted to liking peanuts, but when asked why they did not purchase them more often, they said they just didn't think about peanuts when they were at the store. The opportunity is there. The peanut industry has a large arsenal of nutritional information. There is demand for peanuts that consumers must simply be reminded to fill. Now, with the promotion plan, we have the vehicle to get this information out.
Most producers are very much aware of the current and forecasted prices for other commodities.
Agriculture is now experiencing the lowest prices on most commodities in recent memory. With cotton projected to be at 50 per pound, prospects for profits on these crops are not good. At a recent Southeastern Peanut Growers meeting, an economist from the Farm Credit System predicted that it could take 2 to 4 years before world supplies of corn, wheat, soybeans and cotton are brought in line with demand. There is extreme pressure from these commodities to step up Free Trade talks with all our trading partners. Peanut producers are fortunate to have a price support program.