Since 1938. The National Peanut Festival, the nation's largest peanut festival, is held in Dothan, Alabama each fall to honor local peanut farmers and to celebrate the harvest season. Located in the southeast corner of Alabama, Dothan is known as the "Peanut Capital of the World" and is a prime location for growing peanuts. In fact, if you're in Dothan you're in the heart of peanut country, considering the majority of all the peanuts grown in the United States are grown within a 100 mile radius of Dothan. A festival honoring the peanut was inaugurated on a near freezing Thursday, November 10, 1938. The three day event included a pageant, parade, historical play and grand ball. The guest speaker was Dr. George Washington Carver. The peanut festival was celebrated annually through 1941, but was postponed until after World War II. In 1947, the first post-war festival was presented and has continued every year since. The National Peanut Festival has been at its current location, the fairgrounds on US Highway 231 South, since 1999. With over 200 acres, 2 exhibit buildings, an amphitheater, an open air arena and an Ag complex. The parade is held at 9am on Main Street the last Saturday of the event.