Between 1908 and 1916, the total value of U.S. peanuts more than quadrupled. Why? Because the cotton crop had been nearly wiped out boll weevils, leaving far more land for peanuts to be planted. As a result, the price per peanut bushel had doubled or more within only a few years. The more you know.
The final sentence’s prediction that “Down in the cotton country they are saying that we are soon to see the rise of peanut barons” never quite came true, as best I can tell from quick research.
War Brings Huge Increase in United States Peanut Crop
From Sunday, March 25, 1917