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http://lifehacker.com/5848634/stock-up-on-peanut-butter-now-before-prices-get-ridiculous

Stock Up on Peanut Butter Now Before Prices Get Ridiculous


The time to buy peanut butter is now, friends. The Wall Street Journal reports that prices for Jif, Peter Pan, and other peanut butter jars will be going up as much as 40% starting in a couple of weeks.
In just one year, the wholesale price of peanuts has skyrocketed from $450 a ton to $1,150 a ton, thanks to Mother Nature and human folly. As a result:

Wholesale prices for big-selling Jif are going up 30% starting in November, while Peter Pan will raise prices as much as 24% in a couple weeks...Skippy [prices] are 30% to 35% higher than a year ago. Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31​

Invest now in a few jars of your favorite peanut butter brand (and, presumably, peanuts too) before this food staple becomes a luxury item.

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No.... this cannot be.... this must be prevented.... my Reese's must be protected....

I am not amused.....

There's going to be a lot of sad, lonely women and their dogs out in the world.

Damn it! I need my puppy chow.

LS, you oughtta be ashamed! (Yeah, I loled)

Time to make a Kroger's run...

Meh. Food items go through seasonal variations. This is just more severe than usual. It's interesting that we haven't seen such wild variations before, though. Unlike, say, oranges, peanuts grow in a relatively small area.

I suspect some people are going to try and cash in by planting more crops than usual, and as a result we may see a rebound of extra cheap next year.

According to what I just found on Google, a bottle of Skippy costs around $2.35. A 40% increase puts it a little over $3.25 per jar. How is that a luxury item?? I don't really see this as the end-all that some media outlets are making it out to be.

Are the prices going to go up because people are suddenly stocking up on peanut butter?

Tress said:

According to what I just found on Google, a bottle of Skippy costs around $2.35. A 40% increase puts it a little over $3.25 per jar. How is that a luxury item?? I don't really see this as the end-all that some media outlets are making it out to be.

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Depends on what your particular consumption of PB per dium is.

Quotemander Prime said:

Are the prices going to go up because people are suddenly stocking up on peanut butter?

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Man, I'd totally answer your question but I have to keep buying PB.

Quotemander Prime said:

Are the prices going to go up because people are suddenly stocking up on peanut butter?

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The prices are going up because the summer heat wave devastated the peanut harvest this year.

I blame Mr. Peanut. He is clearly part of the 1%.

This is nuts!

NOOOOOOOOOO! I live on peanut butter these days. At least I can count on dried beans for a filling meat alternative... but they're not so good on sandwiches.

ThatNickGuy said:

This is nuts!

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Like your prom night?

I believe the exact quote I used was, "No, these are nuts."

ThatNickGuy said:

I believe the exact quote I used was, "No, these are nuts."

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Were hers bigger?

...

Yes.

Shegokigo said:

No.... this cannot be.... this must be prevented.... my Reese's must be protected....

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You know there's this British hedge fund guy who bought up 15% of the entire World's chocolate supply last year, right?

Fear for your Nutella, people!

--Patrick

I think I read somewhere that tequila will become a valuable commodity in the next few years because the cactus plants used to make it are going extinct/hard to breed.

The fact is, I'm not surprised that more prices aren't rising. Between the floods in the midwest in spring, the drought cooking the south and southeast, and hurricanes smashing the seaboard, along with more floods here and there, agriculture took a severe hit this year in the USA.

LittleSin said:

There's going to be a lot of sad, lonely women and their dogs out in the world.

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Dammit, LittleSin, I just showered my monitor with Coke. Warn us next time.

Emrys said:

Dammit, LittleSin, I just showered my monitor with Coke. Warn us next time.

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I seem to be good at that lately.

The small bar of Jif I buy is already 4 bucks. Peanut butter is close to being a never food.

Someone's gonna die if I can't afford my peanut butter.

The great Peanut Butter Riot of 2011.

Shakey said:

Someone's gonna die if I can't afford my peanut butter.

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Way ahead of you.....

"They may take our lives...."

It is a good thing I've been stock piling ammunition since Obama won the office... now I can get my PB&J's for free.

Why is this not included in the wall street protests!

"Occupy Skippy"?

So now, a toast with peanut butter on it or a peanut butter sandwich will cost 1.4 cents rather than 1 cent worth of peanut butter.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! GOD NO! PLEASE GOD NO! NOOOO! NOOOOOOOOOOOOOOOOOO!!!

I have passed up buying peanut butter because it was too expensive already.

Quaker Oats will let you have a 2lb jar of peanut butter for $2.50, but you will have to sign a 2-year contract.

--Patrick

Isn't this going to affect more than just peanut butter? Peanut oil is used in a lot more applications, from frying at your local restaurant to cosmetics. A LOT of things are going to be getting more expensive, not just peanut butter.

AshburnerX said:

Isn't this going to affect more than just peanut butter? Peanut oil is used in a lot more applications, from frying at your local restaurant to cosmetics. A LOT of things are going to be getting more expensive, not just peanut butter.

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Well, that's true for a lot more reasons than just peanuts. The corn crop was poor this year as well, and even more is made from corn than from peanuts.

Anytime corn takes a hit, ALL food prices go up. Basically every processed food has corn syrup in it and corn is pretty much all we feed a lot of livestock these days. Our entire economy is dependent on corn prices staying stable.

Looks at package of Reese's Peanut Butter Cups

Oh good, no worries here. No peanut butter in this stuff.

AshburnerX said:

Our entire economy is dependent on corn prices staying stable.

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Due largely to gov't legislation. If corn wasn't propped up (or down, as the case may be) by the gov't, and if sugar imports weren't taxed so heavily, then a number of farmers would declare bankruptcy, and our food would likely get cheaper and include more imported material - which is hard to believe only because it's so darn cheap now.

LittleSin said:

There's going to be a lot of sad, lonely women and their dogs out in the world.

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I don't think I've ever wanted to hug someone over a joke before, but this is definitely one of those occasions.

stienman said:

Due largely to gov't legislation. If corn wasn't propped up (or down, as the case may be) by the gov't, and if sugar imports weren't taxed so heavily, then a number of farmers would declare bankruptcy, and our food would likely get cheaper and include more imported material - which is hard to believe only because it's so darn cheap now.

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Perhaps, but what's the alternative? If you don't subsidize farmers, base grains and vegetables become an entirely corporate, super farm concern (because only they can afford to do it at a massive scale) and people who've owned land for generations lose the land their ancestors fought and tamed themselves.

Farming has ALWAYS been a razor thin margin operation. There's a reason that stories of people losing farms have been around for hundreds of years, usually because of bad weather or war. Government subsidies ease this burden on the little guys and remove a lot of the utterly random chance that goes into it. Hell... this year's growing season is a perfect example of why they are necessary.

Aw this is turning all political thread

I am sticking with the peanut butter is good waaaah. View point.

makare said:

Aw this is turning all political thread

I am sticking with the peanut butter is good waaaah. View point.

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Tooooo baaaaaad for youuuuuuuuuu!

I love peanut butter. Extra crunchy for me, though - I like my PB&J's to bite back.

Peanut butter and honey is a sandwich I haven't had for a long time though. I ought to do that for my kids.

Don't forget peanut butter on apple slices, and celery sticks, and spoons.

My wife makes an awesome no-bake cookie that is essentially oats, peanut butter, and chocolate.

And I absolutely love boiled peanuts. I wish there was a place to get them up here (not the canned kind - though they aren't terrible - fresh is sooooo much better).

stienman said:

And I absolutely love boiled peanuts. I wish there was a place to get them up here (not the canned kind - though they aren't terrible - fresh is sooooo much better).

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That's funny. There's this house on the way to my son's old day care that will frequently put up signs for "Fresh Cajun Boiled Peanuts", and each time I drove by, I thought, "Who would stop at someone's house to buy boiled peanuts?". Apparently, the answer was you.

Fun Size said:

That's funny. There's this house on the way to my son's old day care that will frequently put up signs for "Fresh Cajun Boiled Peanuts", and each time I drove by, I thought, "Who would stop at someone's house to buy boiled peanuts?". Apparently, the answer was you.

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Heh. The last time I was down in Georgia we passed by a roadside stand in someone's front yard every day asking for some, and they kept saying, "No, but maybe tomorrow..." But on the way to dinner on our last night Georgia, we found someone selling them off their trailer in an abandoned corner lot.

They were delicious!

http://en.wikipedia.org/wiki/Boiled_peanuts

Huh, there's a lot about boiled peanuts I didn't know.

Not big on spicy stuff, so I'd probably pass up the cajun boiled peanuts, but yeah - I'll buy 'em off the back of some stranger's flat bed trailer in an abandoned lot. Was interesting to see his setup - he had three huge kettles with propane burners below them, and he boiled his for about 8 hours, starting the first kettle at 1-2AM, and staggering the three kettles so he always had some hot fresh product on hand.

I tried to convince him to come up to Michigan and serve them up here.

I suppose I ought to buy some green peanuts and try my hand at boiled peanuts sometime.

I dont really like crunchy style unless it is on celery. I have a texture thing lol

stienman said:

Tooooo baaaaaad for youuuuuuuuuu!

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damnit stienman, why must you be so awesome and quote vegeta!

Crunchy is the ONLY way to eat peanut butter.

"Don't they know that bones are crunchy? Who'd want a crunchy pudding!"

I suspect it's a conspiracy by the manufacturers of Nutella and Soynut butter.