Peanut industry must crack foreign markets, agriculture official tells farmers, researchers

The 2002 Farm Bill was written during a budget surplus year. That’s no longer the situation. We’re working with a rising budget deficit. Instead of having an opportunity to share in a growing pie, we have a shrinking pie. That could mean there will be fewer agricultural subsidies in the upcoming farm bill, and the price farmers get for their peanuts, cut almost in half in 2002, could drop even more.

There has to be more emphasis on the foreign market, and new product uses need to be developed.

Read (Virginian-Pilot)

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