Rising Peanut Butter Prices- Good Reason to STOCK UP!


A couple of weeks ago I wrote a post, “Free Peanut Butter for All” in which I shared my great deal on peanut butter. I got 11 jars of Skippy for free, only paying a penny tax on each jar. It was on sale at Harris Teeter and after my coupon doubled, it ended up being free.

Last week I stocked up on Planters brand peanut butter, getting it free at Lowes Foods after my coupon doubled. All in all, I have about 16 jars of peanut butter now. It’s a good thing, too, because they don’t expire for over a year and now, it’s expected that peanut butter prices will rise dramatically in the coming months.

In the article from three days ago, Peanut Prices Rising to New Heights, from Cleveland news, hot and dry weather has devastated this year’s peanut crop. The U.S. Department of Agriculture says that this year’s crop will be 13 percent smaller than last year’s. The result is that consumers will see higher prices on peanuts and peanut butter, at least through winter. 

Vincent Byrd, president and CEO of the J.M Smucker Company, makers of the number one selling brand of peanut butter, JIF, says that he expects prices to rise by 30% by November.

Hopes are that next year’s crop will be better and hopefully, alleviate the rise in prices.

Sometimes stockpiling can get a bad rap, but this is just another example of why it’s so important to stock up when the price is low. Especially considering all the volatility in the economy right now, it certainly pays to take a good deal when you can get it, because the deal may not be available later!

As an F.Y.I., Planters is still on sale for $1.50 at Lowes Foods through Tuesday night, so if you have the $.75 off coupon, it will be free. Get it now while the price is still good!

Free Peanut Butter for All!


Well, maybe not for all, but definitely for those that have the matching coupons! I got 11 jars for FREE! Actually, I did have to pay a penny tax per jar, but I’ll take it!

This week Skippy Peanut Butter is on sale at Harris Teeter for $2.99, Buy one Get one free. That makes each jar $1.50 each. That is a good deal.

Then, I had coupons for $.75 off of one jar. These were in the July 31st Red Plum insert from the Sunday paper. At Harris Teeter, the $.75 doubles to $1.50 off, making the peanut butter FREE! I love it!

Now, if you’re wondering where I got 11 coupons from, the answer is EBAY. I actually bought 20 and shared some with a friend. If you also would like to get some of the Skippy coupons to use this week, go to EBAY and search “Skippy Coupons.” You will see many different ones come up. There are some out there for $1.00 off of one jar, which isn’t as good as my $.75 off that doubled, but you would still pay only $.50 for the peanut butter if you use the $1.00 off coupons. 

One warning- these coupons expire August 28, so you would need to order today and ask that they mail them ASAP. I have had great luck with sellers mailing me my coupons quickly- I’ve gotten some in only two days!

A couple of notes- all of the Skippy was on sale, so I was able to try out different types. I got some of the  naturals, which have no hydrogenated oils and is all natural. I got some regular and some crunchy. I also tried out one jar of the reduced fat. I figured why not? Also, the peanut butter all has long shelf life- expiring in fall of 2012, so I will not have to buy peanut butter for quite some time!

Keep in mind that you are only allowed to use three of the same coupon in one trip. Some cashiers are more strict on this; it’s really just luck of the draw. Some cashiers stick to the three coupon rule whereas others don’t seem to know or mind this rule. If you get a cashier who is a stickler, just go to another store or come back the following day to use more coupons.

The Harris Teeter at Mayfaire was very stocked up and had plenty, including a display at the end of the aisle. The Harris Teeter at Ogden had less. I left plenty on the shelf for others, so be sure to get in and get this great deal this week!