Consumer Alert: The Cost of Your Peanut Butter is Going UP!

By Mary Collins

Consumer Alert: The Cost of Your Peanut Butter is Going UP!

September 27, 2011 Updated Sep 27, 2011 at 9:10 AM EDT

TIFT COUNTY, GA., (Indiana's NewsCenter)--- You should get ready for a jolt at the grocery store. The makers of Jif peanut butter have said they expect to raise prices by 30-percent because of higher peanut costs.

Georgia farmers are expected to produce the smallest crop of peanuts in more than two decades because of bad weather and a shift toward other crops.

As a result, the price of peanuts is up.

That is good news for farmers, but it could be bad news for you if you like peanut products.

South Georgia farmers will begin picking peanuts soon, but they'll pick a lot fewer than usual.

Many farmers planted more corn and cotton this year. Many of the peanuts they did plant didn't do well because weather conditions were so bad.

Peanut harvesting will begin by the end of this week.




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