Temperatures might be in the acceptable range, but precipitation has been lacking over the South for a highly successful peanut season. The main growing belt extends from Texas to Virginia. At the height of a kernel's growth, 2 inches of rainfall a weak is necessary. Many of the popular peanut growing areas have not seen beneficial rainfall for months and catastrophic drought conditions exist.
Peanut Crop Growth Areas
Because of the poor growing and producing conditions, prices of peanuts and all the many products made from peanuts have started to increase in price. And this increase is not likely to abide anytime soon. Drought conditions will continue to plague the critical peanut growing regions until the year, at least, 2013.