Release No. 0065.12
Isabel Benemelis (202) 720-7809
WASHINGTON, June 22, 2012 — USDA’s Commodity Credit Corporation (CCC) today announced 2012-crop loan rates for four types of peanuts.
CCC calculated the price support levels for each peanut type using the same method as last year. CCC uses the national average loan rate of $355 per ton and five-year average quality factors, along with a three-year simple average weighted production. The rates take effect
Aug. 1, 2012, the beginning of the peanut crop year. For an average grade ton of 2012-crop peanuts, loan levels by type are:
$354.65 per ton
$338.91 per ton
$358.17 per ton
$358.17 per ton
CCC applies premiums and discounts for quality factors to compute the loan value for an individual ton of peanuts. The actual loan level depends on the percent of various sizes of kernels in each ton. CCC uses the percentage of sound mature kernels (SMK) and sound splits (SS) to compute the basic loan value of the load. SMKs are whole kernels that pass over the testing screen officially designated for each type of peanut. Sound splits are whole kernels split into two pieces. Excess sound splits receive discounts. There are discounts for other kernels (OK), damaged kernels (DK) and foreign materials (FM). An additional discount occurs for loose shell kernels (LSK). Other quality discounts also may apply.
For each percent of SMK in a ton of peanuts, plus each percent of SS, the loan levels are:
$4.869 per percent
$4.845 per percent
$5.286 per percent
$4.966 per percent
Additional peanut program information is available from Tonye Gross at (202) 720-4319 or via e-mail at firstname.lastname@example.org
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write to USDA, Assistant Secretary for Civil Rights, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, S.W., Stop 9410, Washington, DC 20250-9410, or call toll-free at (866) 632-9992 (English) or (800) 877-8339 (TDD) or (866) 377-8642 (English Federal-relay) or (800) 845-6136 (Spanish Federal-relay).