1 virginia type peanuts situation and outlook i a blake brown agricultural resource economics in the third year after end of quota program for us acreage was still changing north carolina south texas planted totaled 195 thousand acres down from 242 2001 last peanut tonnage types reported by usda federal inspection service about 16 percent 2000 to 2004 fell dramatically 253 tons 2002 but has since increased 330 crop expected be up again 2005 october estimate indicated production 297 6 million pounds all which included 500 runners 367 5 due lower yields average yield per acre 3 100