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Overview
The Food Conservation and Energy Act of 2008 (2008 Act) provides loans for crop years 2008 through 2012 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
2009 Price Support Levels by Peanut Type
The loan levels by type for an average grade of 2009-crop peanuts per ton are:
- Runner-type peanuts -- $354.40
- Spanish-type peanuts - $350.11
- Valencia-type peanuts - $358.26
- Virginia-type peanuts --- $358.26
The method of computing the loan levels for 2009-crop peanuts and the grades within the types are the same as last year.
Related Notices
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