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Overview
The Farm Security and Rural Investment Act of 2002 provides loans for crop years 2002 through 2007 for peanut producers. Producers may apply for marketing assistance loans for farm- or warehouse-stored peanuts or for peanut loan deficiency payments (LDPs). These programs help to stabilize America?s peanut industry and ensure the well being of agriculture in the United States.
For details on:
- Application Process Marketing Assistance Loan
- Electronic Warehouse Receipts
- Repayment Rates (National Posted Price)
- Application Deadline/Loan Availability Period
2008 Price Support Levels by Peanut Type
The loan levels by type for an average grade of 2008-crop peanuts per ton are:
- Runner-type peanuts - $354.75
- Spanish-type peanuts - $348.95
- Valencia-type peanuts - $357.32
- Virginia-type peanuts - $357.32
The method of computing the loan levels for 2008-crop peanuts and the grades within the types are the same as last year.
Related Notices
Last Updated 09/09/2008
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