Skip repetitive navigation links.
United States Department of AgricultureFarm Services AgencyFarm Service Agency
Go to FSA Home Go to FSA Home Go to About FSA Go to State Offices Go to Newsroom Go to Online Services Go to Forms Go to Help Go to Contact Us Go to Spanish Languages
Search FSA
Go To Search Tips
Browse by Audience
Agribusiness
Cooperatives
Congress
FSA Employees
Landowners
Conservationists
Lenders and Banks
Media
Parents and Caregivers
Producers
Researchers
Academic Community
Browse by Subject
Go to Aerial Photography
Go to ARC/PLC Program
Go to Commodity Operations
Go to Conservation Programs
Go to Direct and Counter-Cyclical Program/ACRE
Go to Disaster Assistance Programs
Go to Economic and Policy Analysis
Go to Energy Programs
Go to Environmental and Cultural Resource Compliance
Go to Farm Loan Programs
Go to Financial Management Information
Go to Laws and Regulations
Go to Modernize and Innovate the Delivery of Agricultural Systems
Go to Outreach and Education
Go to Payment Eligibility
Go to Price Support
Go to Tobacco
Price Support
Peanut Marketing Assistance Loans and Loan Deficiency Payments

 
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.

 
Peanut nonrecourse marketing assistance loans provide eligible producers with interim financing on their production and facilitate the orderly distribution of loan-eligible peanuts throughout the year. A nonrecourse loan allows a producer with eligible peanuts to store the production and pledge the peanuts as collateral instead of selling them immediately after harvest. The loan helps an eligible producer pay bills without having to sell the peanuts at a time of year when prices tend to be lowest. When market conditions may be more favorable, a producer may sell the peanuts and repay the loan with the proceeds of the sale. If a producer is unable to repay the loan, he or she can deliver to Commodity Credit Corporation (CCC) the quantity of peanuts pledged as collateral as full payment for the loan at maturity.

 
Nonrecourse MALs and LDPs are administered by the U.S. Department of Agriculture's (USDA) Farm Service Agency (FSA) on behalf of CCC.

 
See the fact sheet Nonrecourse Marketing Assistance Loans/Loan Deficiency Payments for additional information on MALs and LDPs.
To be eligible for a loan or LDP, the peanuts must:
  • Have been produced and harvested by an eligible producer and be in storable condition;

 
  • Be merchantable for feed, food or other uses as determined by CCC;

 
  • Meet the specific commodity eligibility requirements for nonrecourse loans;

 
  • Be one of the following types: Virginia, Runner, Spanish or Valencia;

 
  • Not have been shelled or crushed;

 
  • Be inspected and graded if warehouse-stored and;

 
  • Be inspected and graded upon delivery if farm-stored.

 

 
For details on:

 
  • Overview
  • Eligibility
  • Beneficial Interest
  • Application Process Marketing Assistance Loan
  • Loan Limit and Terms
  • Service Fees
  • Authorized Offsets
  • Marketing Loan Gains
  • Loan Deficiency Payments
  • Electronic Warehouse Receipts
  • Repayment Rates (National Posted Price)
  • Loan Maturity
  • Designation of Agent
  • Application Deadline/Loan Availability Period

 

 
2014 Price Support Levels by Peanut Type

 
The loan levels by type for an average grade of 2014-crop peanuts per ton are:

 
  • Runner-type peanuts -- $354.86
  • Spanish-type peanuts - $333.91
  • Valencia-type peanuts - $357.79
  • Virginia-type peanuts --- $357.79

 
The method of computing the loan levels for 2014-crop peanuts and the grades within the types are the same as last year.
Related Notices

 

 

 


Last Modified: 06/25/14 9:48:47 AM


FSA Home | USDA.gov | Common Questions | Site Map | Policies and Links
FOIA | Accessibility Statement | Privacy Policy | Nondiscrimination Statement | Information Quality | USA.gov | White House