"Prices for a ton of runner peanuts, commonly used to make peanut butter, hit nearly $1,200 this month, according to the U.S. Department of Agriculture. That's up from just $450 per ton a year ago. Overall, the USDA projects that American peanut production will hit 3.6 billion pounds this year, down 13% from last year.
"Analysts attribute this drop to the intense heat and drought that hit the southern U.S. this year…"
Al Gore warned us of increased food costs as crops failed due to effects of global warming.
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