Peanut prices make profits hard for farmers

Peanut prices make profits hard for farmers

SUMTER CO., GA (WALB) - With the record number of peanuts harvested this year, peanut farmers are having a hard time making a profit. Early numbers say most farmers only made about $375 per ton of peanuts.

Industry experts said this is well below the amount needed for profits.

Prices on other crops aren't helping out either.

"We've sort of been squeezed this year with lower prices, not only in peanuts, you know corn is not bringing what it should and soybeans are down and cotton prices are down too. So we're sort of boxed in a little bit as far as our prices go," said farmer Hal Israel.

Israel said most farmers broke even unless they harvested about 3 tons an acre.

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