1. Peanut Situation and Outlook for 2000/2001 Southern Region Agricultural Outlook Conference September 25-27, 2000

2. Peanut Situation u Crop conditions a mixed bag u U.S. production on a downtrend u Domestic demand slowly increasing u Exports flat u Stocks at burdensome level but expected to be trimmed in 2001 u Lowest prices in a decade

3. Peanut Planted Acres by Region

4. U.S. Peanut Yields

5. US Peanut Production

6. US Peanut Production and Quota 1990-2000 Quota Plus Buybacks

7. U.S. Peanut Balance Sheet million pounds (Sept 13, 2000) 25.628.4Average Price 103512291392Ending Stocks 411641613575TOTAL USE 391496401Seed & Residual 720 562Exports 710713460Crush 229522322153Food Use 515153904967TOTAL SUPPLY 169 155Imports 375338293963Production 12291392848Beg. Stocks 2000/01 Proj.1999/00 Est.1998/99

8. World Peanut Production by Country

9. World Peanut Production Source: FAS, USDA

10. Domestic Food Use Of Peanuts Adjusted For Imports

11. Edible Peanut Use by Product 1999/2000

12. Domestic Peanut Use

13. Use of Shelled Edible Peanuts August thru June CandySnacksPButterTotal

14. Government Purchases For Food and Child Nutrition Programs * Through June ‘00

15. Trend in the Volume of Exports for USA

16. Major Peanut Export Destinations 1999 Marketing Year

17. Old Crop Carry-In Stocks

18. U.S. Average Peanut Price

19. Price of 50% Peanut Meal Southeast Mills * Estimated

20. Price of Peanut Oil, Southeast Mills * Estimated

21. Outlook for 2000-01 u Prices at support level despite drought conditions u Continuation of current trends on supply and demand side –Reduction in additional peanut acreage –Increasing yields –Steady growth in demand –Global competition

22. Peanut Industry Issues u Quality - aflatoxin u Irrigation receiving contracts u Increased Promotion – National Peanut Board u Competitiveness in export market u Future of the Peanut Program