Clemson researchers, working with the National Peanut Lab, have developed a new tool to help farmers get a better idea of how grade affects the value of peanut crops.
The Clemson Peanut Loan Rate Calculator is a web-based application that allows farmers to enter scores for Runner and Virginia type peanuts, and calculate loan values for a specific year and level of segregation. Farmers using this app can also explore historical loan rates for the same inputs to use for comparison.
“Peanut growers who have tried calculating rebates, premiums and peanut values for inspection sheets in the past know these calculations can be overwhelming,” said Kendall Kirk, precision agricultural engineer hosted at Edisto Research and Education Center (REC) in Blackville, who helped develop this application. “We have developed a web-based application that allows farmers to effortlessly perform these calculations from their smartphones or computers to perform unofficial what-if scenarios and to convert the loan rate to dollars per acre. “
The peanut harvest is underway in South Carolina and researchers at Clemson, working with the National Peanut Lab, have developed a new tool to help farmers get a better idea of how grade affects the value of crops. cultures.
Nathan Smith, professor at the Clemson Cooperative Extension Service and agri-food program team director at Sandhill REC in Colombia, said the calculator is important because peanut farmers are paid for their crops based on yield and the quality. Prices are set on the national base loan rate adjusted for premiums and discounts.
“Dr. Kirk and I talked about creating a loan calculator as an educational tool for farmers and researchers to use for their test results if they are doing their own grading,” said Smith, who also helped develop the calculator. “Farmers can use this calculator to see the differences in loan rates at different grades and levels of segregation.”
Peanuts are graded at the point of purchase according to standards set by the United States Department of Agriculture. Inspectors establish kernel content, pod size, kernel size, moisture content, damaged kernels and foreign matter. The results of the inspection determine the overall quality and value of each load.
Levels of segregation are used for quality control. Segregation I peanuts are edible. Segregation II charges include peanuts that exceed minimum damage levels. Segregation III indicates that Aspergillus flavus was detected during the classification process. Aspergillus flavus is a mold capable of producing aflatoxin. Designation as Segregation II or III reduces the load value, said Dan Anco, peanut specialist Clemson Extension.
“Peanuts designated as Segregation II or III are typically destined for the petroleum market,” Anco said.
The Peanut Loan Rate Calculator is one of many free web applications from Clemson Precision Agriculture. These apps are accessible from any device with a web browser and can be found at https://bit.ly/CU_CalculatorsAndWebApps.
Peanuts are an important crop in South Carolina. The USDA’s National Agricultural Statistics Service reports that 85,000 acres of SC peanuts with a production value of over $ 58 million were planted in 2020. The National Peanut Board reports that six states – Georgia, Florida, Alabama, Texas, North Carolina, and South Carolina – grow nearly the entire peanut crop in the United States. The Peanut Money-Maker, 2021 Production Guide has more information on harvesting peanuts in South Carolina.
Denise Attaway is Head of Civil Service and Agriculture at Clemson University College of Agriculture, Forestry and Life Sciences.