Peanut Prices ISSN: 1949-1891 Released September 4, 2015, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA).
Peanut Price Highlights
Peanut prices received by farmers for all farmer stock peanuts averaged 19.7 cents per pound for the week ending August 29, down 4.7 cents from the previous week. Marketings of all farmer stock peanuts for the week ending August 29 totaled 23.2 million pounds, up 5.00 million pounds from the previous week. Peanut Prices and Marketings by Type - United States: August 1, 2015-August 29, 2015 ----------------------------------------------------------------------------------------- : Week ending Item and type:-------------------------------------------------------------------------- : August 1, : August 8, : August 15, : August 22, : August 29, : 2015 : 2015 : 2015 : 2015 : 2015 ----------------------------------------------------------------------------------------- : dollars per pound : Average price : Runner .......: 0.213 0.211 (D) (D) (D) Spanish ......: (X) (X) (X) (X) (D) Valencia .....: (X) (X) (X) (X) (X) Virginia .....: 0.267 0.266 (X) (D) 0.216 : All ..........: 0.234 0.224 (D) 0.244 0.197 : : 1,000 pounds : Marketings 1/ : Runner .......: 36,269 22,092 (D) (D) (D) Spanish ......: - - - - (D) Valencia .....: - - - - - Virginia .....: 23,348 6,976 - (D) 14,183 : All ..........: 59,617 29,068 (D) 18,186 23,187 ----------------------------------------------------------------------------------------- - Represents zero. (D) Withheld to avoid disclosing data for individual operations. (X) Not applicable. 1/ Quantity purchased from farmers. Statistical Methodology Survey procedures: Price and marketing information included in this report is provided the beginning of each week by first buyers of farmer stock peanuts. Each week, respondents are asked to report total pounds purchased (marketings) from farmers and total dollars paid, by type (Runners, Spanish, Valencias, and Virginias), for the previous week. The reported data are to include all qualities and grades and exclude peanuts used for seed. Data are collected by telephone, fax, and internet each week for the previous week. The peanut price survey is an enumeration of all known first buyers of farmer stock peanuts from growers. Every effort is made to obtain a report from all buyers. Estimating procedures: Since a complete report is not received from all buyers each week, the reported quantities purchased and total dollars paid for each type are expanded to account for non-response. These expanded data are then used to calculate the weighted average price for each type. Estimates of price and marketings are prepared by the Agricultural Statistics Board and reviewed for reasonableness with recent historic estimates and between the different peanut types. Revision policy: Price and marketing estimates for the prior three weeks are subject to revision based on late reports. At the end of the marketing year, all buyers will have an opportunity to update or provide any late data for any week during the marketing year. After this data is incorporated with previously reported data, revised weekly estimates will be published for the entire marketing year. Reliability: The peanut price survey is subject to non-sampling errors such as omission, duplication, imputation for missing data, and mistakes in reporting, recording, and processing the data. These errors cannot be measured directly, but are minimized through rigid quality controls in the data collection process and a careful review of all reported data for consistency and reasonableness. Information Contacts Listed below are the commodity statisticians in the Crops Branch of the National Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to [email protected] Lance Honig, Chief, Crops Branch......................... (202) 720-2127 Anthony Prillaman, Head, Field Crops Section............. (202) 720-2127 Angie Considine - Cotton, Cotton Ginnings, Sorghum.. (202) 720-5944 Tony Dahlman - Crop Weather, Barley, Soybeans....... (202) 720-7621 Chris Hawthorn - Corn, Flaxseed, Proso Millet....... (202) 720-9526 James Johanson - County Estimates, Hay.............. (202) 690-8533 Jean Porter - Oats, Rye, Wheat...................... (202) 720-8068 Bianca Pruneda - Peanuts, Rice...................... (202) 720-7688 Travis Thorson - Sunflower, Other Oilseeds.......... (202) 720-7369 Access to NASS Reports For your convenience, you may access NASS reports and products the following ways: All reports are available electronically, at no cost, on the NASS web site: http://www.nass.usda.gov Both national and state specific reports are available via a free e- mail subscription. To set-up this free subscription, visit http://www.nass.usda.gov and in the "Follow NASS" box under "Receive reports by Email," click on "National" or "State" to select the reports you would like to receive. For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: [email protected]. 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