U.S. peanut farmers were enjoying an expanding market in the European Union until government officials there decided to tighten up restrictions in 2019. Now U.S. exports are about a third of what they were and shipments are falling fast as American farmers try to make their case to European regulators and plead for help from the Biden administration to help regain the lucrative market.
The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.
The Southern Peanut Farmers Federation, the American Peanut Shellers Association and the National Peanut Buying Points Association have joined together to create the United States Peanut Federation, which announced its formation in a press release last Thursday.
Peanut butter makers are churning out as much product as they can and they can’t do it fast enough to meet the unprecedented demand from families who are desperate to keep their pantries stocked during the COVID-19 pandemic.
The 2014 farm bill is set to expire in just over one week, raising concerns about disruptions in a number of programs, including one of the largest conservation programs as well as much smaller programs that help commodity groups open overseas markets.
WASHINGTON, Oct. 29, 2017 - House Republicans reveal the details of their tax reform plan this week as GOP leaders mount an ambitious pre-Thanksgiving campaign to get tax bills through both chambers before the holiday.