The Texas Peanut Producers Board is the state's oldest agricultural commodity board. With the foresight to recognize a need for Texas peanut research, market development, education and promotion, Texas peanut producers voted in 1969 to establish a $1 per net ton voluntary checkoff based on farmer stock basis. In 1990, growers voted to increase the checkoff from $1 to $2 per net ton.

Since its inception, TPPB has grown from nine to 12 directors, representing peanut farmers across Texas. TPPB is headquartered in Lubbock, Texas.

Texas is the second largest peanut producing state in the nation. In 2008, Texas peanut farmers produced 860 million pounds of peanuts on 257,000 acres, making it the largest crop in the state's history.

The Texas peanut industry is worth over $1 billion to the state's economy. Peanut farmers, shellers, equipment dealers, manufacturers and labor make up a portion of the industry that has become so valuable to Texas.