Buyers beware: That peanut butter you’ve been snacking on since childhood is soon to undergo a price hike. Sweltering temperatures and parched soil in Peanut Belt states like Georgia and Texas are to blame for the spoiled peanut crop.
According to the U.S. Department of Agriculture, this year’s peanut crop is predicted to be about 3.61 billion pounds, 13 percent smaller than last year.
Peanut butter powerhouse J.M. Smucker Co., who dominates 45 percent of the peanut butter market, expects to raise prices by 30 percent in November, making that $3.19 jar of Jif $4.15, says a Cleveland article.
Vote: Will you continue to buy peanut butter? »
This post is dedicated to our fellow food blogger Jennifer Perillo, of In Jennie’s Kitchen. Her husband died suddenly and Jennie’s request of the world was to make a peanut butter pie to give to someone you love. Peanut Butter Pie was Mikey’s favorite and in his honor, Food Network is sharing one of our favorite recipes with you.
There’s something about peanut butter pie that puts a smile on everyone’s face — a chocolate wafer crust is the foundation for a silky-smooth peanut butter filling. So wrap up the week on a sweet note: with family and friends and Emeril’s irresistible pie, slathered in chocolate to make it extra special.
Get the recipe: Chocolate Covered Peanut Butter Pie
Browse more of Food Network’s peanut butter recipes.
More peanut butter pies from our friends »