“We can convert generic cotton base into one of the covered programs commodities, peanuts being one of them,” said Dr. Marshall Lamb, research leader at the USDA-ARS National Peanut Research Laboratory. “When that came about, a lot of growers became more interested in possibly expanding peanut production to get the generic base payments.”
But Dr. Lamb thinks that’s a mistake because of the current oversupply situation. “Also, you have to produce the peanuts. When prices are low, you might get a higher payment from the additional generic acres, but you’re going to lose it producing the peanuts. When prices are high, you won’t get the payments but you might make money producing the peanuts,” he said. That’s why he says rotation is more important now than ever. Interview with Dr. Marshall Lamb, USDA-ARS
I recorded Dr. Fletcher’s presentation and we should be getting his power point to post as well. He provides some very detailed and important information for farmers to consider so this is worth 30 minutes of your time to hear.