Runner and Virginia Market Type Acres Peanut Notes No. 172 2021

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Question:

Recently, Pitt County FSA has provided me with an estimated planted acreage report for peanuts in Pitt County. A closer look at this report indicates a total drop in planted acres of 7,188 acres which is a 6% decrease from 2020. What is more interesting is the fact that most of this decline is found in the reduction in the number of runner peanuts planted in Pitt. The planted acres in Virginia-type peanuts actually increased by 14% while the total number of acres of runner-type peanuts dropped from 1780 acres in 2020 to 557 acres in 2021 which is a 69% reduction. Is this decline expected to be state wide? Just thinking about reasons why.

Jordan:

I think runner acres have gone down because demand for Virginia types is up and the contract price for Virginia types is up. So, the typical grower planted more Virginia acres and if they had been growing runners they replaced runners with the expanded Virginia plantings. That’s likely what happened.

And, some of the runner market types did not reach full maturity in 2020 and that may have pushed some growers away from runners.