HAMILTON, Miss. (WTVA) -- Monroe County farmer Don Self is among those who took a leap of faith and pursued peanuts several years ago.
He would watch in wonder as Mississippi became the tenth peanut producing state in 2008.
Since that time, yields have grown by leaps and bounds.
"We beat everybody the year before last. Georgia kind of edged us out this year at 4,500 pounds. I believe our average for the state was 4,400 pounds," Self said.
Exports are needed more than ever.
There are just too many peanuts on hand.
"Between the good crops everyone had and then the acres that everyone had, it was kind of a double whammy for the prices," MSU Extension Agency Row Specialist Charlie Stokes said.
Price per ton has been as high as $750 a ton. Stokes estimates the price may drop as low as $400 a ton.
Don Self says farmers as a whole need to reduce acreage by as much as 35 percent to get the price back on track.
That effort combined with interest from China is key.
"On a year that we have the biggest peanut crop we've ever had in history, 3.2 million tons, it could not have come at a better time. I believe that once they see the quality of USA-grown peanuts, that they will be what I would call a regular customer," Self added.
Self says farmers will need to reduce acreage for another reason. Yet another state is set to become a peanut producing state-Arkansas.