MARKETING PEANUTS 
21 
THE PEANUT GROWEES ASSOCIATION (VIRGINIA AND NORTH CAROLINAD 
The Peanut Growers Exchange, reorganized in 1921, and claiming 
to include in its membership of more than 5,000, enough growers to 
control more than 40 per cent of the total production in Virginia and 
North Carolina during the years 1920 and 1921, is the most ambitious 
effort to date in the Virginia-North Carolina section. About Novem- 
ber 1, 1922, the exchange was reincorporated under the cooperative 
marketing act of Virginia, and its name was changed to " Peanut 
Growers' Association." 
The organization is now a nonprofit, nonstock association, similar 
to many other cooperative growers' associations established during 
recent years. Each member was originally obligated to sell and 
deliver to the association all peanuts produced by or for him in the 
States of Virginia and North Carolina for a period of seven years, re- 
PRICES RO.B. VIRGINIA-NORTH CAROLINA SHIPPING POINTS 
OF SHELLED EXTRA LARGE AND NO.I VIRGINIA TYPE PEANUTS 
NOV., 1920 -OCT, 1924 
NOV. JAN. APR. JULY OCT. 
1920 1921 
JAN. APR. JULY OCT. 
1922 
JAN. APR. JULY OCT. JAN. APR. JULY OCT. 
1923 1924 
Fig. 7.— When large peanuts are scarce, the difference in price between shelled extra large and 
No. 1 Virginia-type peanuts is even more pronounced than between jumbos and fancys at the 
same time 
serving for himself only the right to peanuts for home or farm use. 
The members agreed further to pay the association 2 cents for each 
pound of their peanuts sold through any other agency than the asso- 
ciation as liquidated damages. The peanuts of members are delivered 
when and where the association may direct. They are graded and 
pooled with the goods of like variety, grade, and quality delivered by 
other growers. Upon delivery, an advance payment is made of about 
one-half the current market price. Final payment is not made until 
the end of the season, when all goods have been sold and all settle- 
ments made. The net proceeds are then divided among the members 
in proportion to their individual deliveries. 
In 1921, the association stored for its members over 800,000 bags 
of farmers' goods. Late in the season it made arrangements with a 
Virginia cleaner to clean and shell part of its holdings, and entered 
the market as a competitor of the established Virginia-North Carolina 
