Butternuts is a town located in Otsego County, New York, United States.

The Town of Butternuts is located in the southwestern part of the county, and is west of Oneonta.

white walnut) trees growing from one stump that originally marked the corner of the townships of what is now New Lisbon, Pittsfield and Morris when this entire section of the county was surveyed by Richard Smith before the Revolution.

Said tree was depicted as the corporate logo of the Butternuts Woolen & Cotton textile firm but was cut down by the Lull family to build their log cabin.

Ample waterpower sites allowed for many industries in addition to agriculture that benefitted by the wide fertile valley floor along the Butternut and Unadilla.

It was named by early settlers, who noted some unusual butternut trees growing near it.