Is this good food?

I had to buy Spike different food, it is balanced by nature ecotrition essential blend for cockatiels it says it is new and improved. Ingredints canary grass seed, red,white,millet, safflower seed, sunflower seed, wheat, heat processed soybeans, oat groats, flax seed, spanish peanuts, rape seed, dehydrated diced carrots, green split peas, corn gluten meal, feeding oatmeal, niger, buckwheat, bird raisins, sweetened banana chips, date granules, watermelon seed, wheat middlings, dehulled soybean meal, driedbrewers yeast, pineapple, sweet potatoes, cantaloupe seed, red peppers, vegetable oil (preserved with mixed tocopherols and citric acid) soybean meal, corn gluten meal, dicalcium phosphate, dried whole egg, soybean oil, cod liver oil, wheat germ oil, mineral oil, yeast fermentation product,salt, whey solids, calcium carbonate, potassium chloride, L-Lysine, DL-Methionine, Magnesium oxide, manganese sulfate, ferrous carbonate, zinc oxide, choline chloride, dl-Alpha Tocopheryl Acetate (source of vitamin E) vitamin a palmitate, vitamin d3 supplement, niacin, copper sulfate, menadione sodium bisulfite complex (source of vitamin k activity) riboflavin, d -calcium pantothenate, mixed tocopherols, pyridoxine hydrochloride, folic acid, iron, methionine, zinc amino acid complex, dried bacillus subtilis fermentation product, dried aspergillus oryzae fermentation product, dried lacto bacillus acidophilus product, dried lactobacillus bulgaricus fermentation product, Dried lactobacillus lactis fermentation product, lecithin, sodium selenite, biotin, thiamine hydrochloride, bitamin b 12 supplement, color added ( red 40, yellow 5 and 6 blue 1 and titannium dioxide) Do you guys think this is a safe good food for Spike? Sorry for the long post. would the dried peas ect expand in his stocmach and are peanuts not bad for birds. Thanks for your help.