Farmers See Drop in Peanut Payments Last Week

Agricultural producers across the nation saw their earnings from peanut sales decrease during the week that ended May 23, according to new pricing data.

Farmers received an average of 22.9 cents per pound for all farmer stock peanuts during that week, representing a decline of 0.8 cent from the previous reporting period.

The pricing information reflects what producers earned for their raw peanut inventory sold to processors and other buyers in the agricultural marketplace.