BROWNFIELD – While there is a lot of buzz about the anticipated record cotton crop in the South Plains this season, those in the peanut industry also said the 2010 peanut crop shows promise. James Martin, a peanut and cotton producer in Terry County, said the peanut price is high enough to help offset possible yield shortages caused by the storms in early July and late October. “Peanuts got a little better price this year than we had been getting, and it looks like we’re getting good yields this year,” he said. Like cotton, most of the peanuts are contracted before producers even begin planting in the spring so they have a general idea of what price they will get after harvest. Max Grice, general manager and vice president of Birdsong Peanuts, said the prices last year ranged from $500 to $575 per ton and he expects higher prices for the 2011 crop because of the strong competition with cotton, which also has high prices. One of Martin’s fields produced about 6,000 pounds of Virginia peanuts, he said, which was more than the field’s average of 5,200 pounds. Martin grows Virginia and Runner peanuts: Virginia peanuts are sold as ballpark snacks ...