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The best time to plant peony tubers is in late September and October, as the plants grow dormant. Planting peonies in the spring is not the best idea, but you can do so if they haven't begun to grow yet. These plants do best in a sunny spot, with some shade. Plant your peonies approximately two inches deep in well drained soil. Be sure that the root eyes are facing up. You should topdress your peonies with bone meal each spring to keep them blooming strongly.