Droughts signals bad news for peanut butter lovers | Business
ATLANTA -- It's been 30 years since so few acres of peanuts were planted in Georgia.
The shortage and ongoing drought are bringing higher prices for peanuts and their favorite cousin -- peanut butter.
The acreage is down because farmers chose to plant cotton, which was commanding higher prices. It was thought plenty of peanuts would still be available, but many of the plants have not come out of the ground due to drought.
The situation has peanut butter manufacturers bracing for tighter supplies, according to Don Koehler with the Georgia Peanut Commission.
Georgia is the nation's largest producer of peanuts, producing 46 percent of U.S. peanuts.