Peanut Prices ISSN: 1949-1891 Released April 20, 2012, 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 34.4 cents per pound for the week ending April 14, down 1.3 cents from the previous week. Marketings of all farmer stock peanuts for the week ending April 14 totaled 108 million pounds, up 13.0 million pounds from the previous week. Runner-type peanut prices averaged 34.2 cents per pound for the week ending April 14, down 0.8 cent from the previous week. Marketings of runner-type peanuts were 93.2 million pounds, up 12.6 million pounds from the previous week. Peanut Prices and Marketings by Type - United States: March 17, 2012-April 14, 2012 ----------------------------------------------------------------------------------------- : Week ending Item and type:-------------------------------------------------------------------------- : March 17, : March 24, : March 31, : April 7, : April 14, : 2012 : 2012 : 2012 : 2012 : 2012 ----------------------------------------------------------------------------------------- : dollars per pound : Average price : Runners ......: 0.346 0.354 0.352 0.350 0.342 Spanish ......: (X) (X) 0.326 0.473 0.320 Valencias ....: (X) (X) (X) (X) (X) Virginias ....: 0.337 0.325 0.315 0.356 0.357 : All ..........: 0.346 0.349 0.349 0.357 0.344 : : 1,000 pounds : Marketings 1/ : Runners ......: 67,927 79,575 104,933 80,621 93,233 Spanish ......: - - 1,386 4,967 666 Valencias ....: - - - - - Virginias ....: 4,382 16,623 10,706 9,500 14,230 : All ..........: 72,309 96,198 117,025 95,088 108,129 ----------------------------------------------------------------------------------------- - Represents zero. (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 nass@nass.usda.gov Lance Honig, Chief, Crops Branch........................... (202) 720-2127 Jacqueline Moore, Head, Field Crops Section................ (202) 720-2127 Suzanne Avilla - Peanuts, Rice........................ (202) 720-7688 Bryan Durham - Oats, Rye, Wheat....................... (202) 720-8068 Steve Maliszewski - Cotton, Cotton Ginnings, Sorghum.. (202) 720-5944 Anthony Prillaman - Corn, Flaxseed, Proso Millet...... (202) 720-9526 Julie Schmidt - Crop Weather, Barley, Hay............. (202) 720-7621 Travis Thorson - Soybeans, Sunflower, Other Oilseeds.. 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