In a 6 quart microwave bowl mix sugar, syrup and milk.  
Microwave 3 minutes.
Stir and add raw peanuts.
Microwave 9 minutes.  Watch VERY closely after 3 minutes because it will boil over if you don't take it out and stir occasionally.  Remove from microwave  and add butter, vanilla and red food coloring.  Let stand for 15-20 minutes.  Stir until it loses its gloss.  Drop onto wax paper or a greased tin.  

Stack in containers or baggies with wax paper between layers.