Demand and supply analysis

 Following are facts about the peanut and peanut-butter industry. Another hot, dry summer has devastated the 2011 peanut crop. Although peanuts are typically planted between mid-April and June, farmers had to wait several weeks after that period for rain. Many peanut-butter producers looked for ways to cut costs in other areas, such as shipping and warehousing. Some farmers had already planted cotton in place of peanuts, given the high price of cotton. The scorching heat singed many peanut plants, leaving more peanuts to be processed for oil rather than used for peanut butter. Paul Ziobro, “Peanut-Butter Makers Face Crunch,” Wall Street Journal (Online), October 10, 2011. Write a paper in which you use demand and supply analysis and describe the effects of these weather changes on both the peanut and peanut-butter industries. Include a discussion of how improvements in technology can affect supply. Write this assignment in Microsoft Word, 12-point Times New Roman font, double spaced, adhering to all appropriate writing conventions, including APA-style citation format. A minimum of 500 words is required. All assignments will be graded on content, grammar, spelling, and punctuation.