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Saving Seed
2010 Peanut Program
Farm Bill Hearings Begin
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2010 Peanut Program

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Tonye Gross, of USDA’s Price Support Division Automation and peanut program manager, says that the peanut program worked well last season and only some “fine tuning” would be needed this year. Key management rules would not change.

USDA Pleased With Program
USDA will continue to monitor online sheller entries, receive and monitor pre-season tests, develop and test software and distribute peanut data while managing the peanut program.
The Kansas City office reports that shellers and buying points must provide a profile survey entry, which has a new Web-based design for the 2010 crop. Last season, USDA monitored sites of 43 shellers with 214,355 records along with 465 buying points.

 

2010 Peanut Program Highlights

• USDA-AMS is reviewing quality and hand- ling standards to determine if changes are needed.

• No changes in the payment limitations rule.

• No commodity certificates for peanuts this year; redemption not applicable for 2010- 2012 crops.

• No change in eligible producers or benefi- cial interest.

• Secure market loan through FSA, DMA or CMA.

• U.S.-produced peanuts must be inspected
and graded and in approved CCC storage.

• Peanut wagons are eligible farm storage.

• Loan rates and storage and handling rates to be announced by USDA soon.

AMS Reviewing Quality Standards
USDA’s Ag Marketing Service (AMS) is reviewing the Minimum Quality Standards and Handling Standards for domestic and imported peanuts. Written comments were due by June 28, 2010, and AMS will determine whether the standards should be continued without change, amended or rescinded.

No changes in the payment limitations rule are expected for the 2010 peanut crop. Producers are not eligible for the loan if their Average Gross Income (AGI) off the farm is $500,000 or more. No Commodity Certificates for peanuts will be issued this year. The redemption certificates are not applicable for 2010 through 2012 peanut crops.

Marketing Entities Same As Before
No change in eligible producers or beneficial interest this next season. The three ways to secure loan funds and to apply for market loan assistance is through the Farm Service Agency, a Designated Marketing Association (DMA) or Cooperative Marketing Association (CMA).

All peanuts produced in the United States must be inspected and graded and stored in an approved Commodity Credit Corporation storage. Under certain conditions, peanuts may be stored in bags, and peanut wagons are eligible for farm storage.
Gross said that the 2010 loan rates and peanut storage rates will be announced later.

Preparing For Forfeited Peanuts
Jim Monahan, new Deputy Administrator of Commodity Operations at USDA, says that they are ready to handle forfeited peanuts if producers decide not to sell to the peanut market. His department administers storage of loan peanuts with 31 USWA licenses at 301 locations in the United States.

“Storage of U.S. peanuts will continue with farmer stock storage and sheller storage. Forfeited peanuts will be dispersed by the department either as food aid, value-added products as a barter or sold as farmer stock,” he says.

Good Management Means Few Forfeits
The program has been so well managed that the department has had few peanuts to sell. In 2004, 105,806 tons were sold as farmer stock. In 2005, 41,925 tons were sold as farmer stock and barter. In 2006, only 456 tons were sold for peanut butter under barter, while in 2007, only 436 tons were sold as barter. In 2008, the department handled 5,905 tons as barter sales.

Although final approval has not been made for the new crop, fees of $30 per ton for handling are expected to continue. These handling fees are paid to buying points, but reimbursed to USDA by the first buyer. PG

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