Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

FSA Farm Service Agency : USDA Announces Loan Rates for 2014-Crop Peanuts

06/24/2014 | 05:50pm US/Eastern


Release 0110.14





Contact: Isabel Benemelis

(202) 720-7809







WASHINGTON, DC, June 24, 2014 - USDA's Commodity Credit Corporation (CCC) today announced 2014-crop loan rates for four types of peanuts.



The 2014 Farm Bill established the national loan rate for peanuts at $355 per ton, which is unchanged from the previous farm bill. CCC calculated the price support levels for each peanut type using the same method as last year. CCC uses the national loan rate and five-year average quality factors, along with a three-year simple average weighted production. The rates take effect Aug. 1, 2014, the beginning of the peanut crop year. For an average grade ton of 2014-crop peanuts, loan levels by type are:



Runner-type peanuts

$354.86 per ton

Spanish-type peanuts

$333.91 per ton

Valencia-type peanuts

$357.79 per ton

Virginia-type peanuts

$357.79 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. Discounts for other kernels (OK), damaged kernels (DK), foreign materials (FM) and loose shell kernels (LSK) may apply.



For each percent of SMK in a ton of peanuts, plus each percent of SS, the loan levels are:



Runner-type peanuts

$4.819 per percent

Spanish-type peanuts

$4.795 per percent

Valencia-type peanuts

$5.346 per percent

Virginia-type peanuts

$4.915 per percent



Additional peanut program information is available from Kathy Sayers at (202) 834-5879 or via email at kathysayers@wdc.usda.gov.



USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).







distributed by
React to this article
Latest news
Date Title
09:37p New Credit Suisse CEO promises 'ruthlessly selective' review
09:33p SANDRIDGE MISSISSIPPIAN I : IMPORTANT INVESTOR ALERT: Goldberg Law PC Reminds Investors With Losses Greater Than $100,000 In SandRidge Mississippian Trust I Of August 10, 2015 Deadline
09:25p SecureCom(tm) Mobile Inc. Grants Stock Options
09:20p NATIONAL FARMERS' FEDERATION OF AUSTRALIA : White Paper unveils major benefits for farm business
09:15p ICONIX BRAND : IMPORTANT INVESTOR ALERT: Goldberg Law PC Reminds Investors With Losses Greater Than $100,000 In Iconix Brand Group, Inc. Of August 24, 2015 Deadline
09:05p MCX MULTI COMMODITY EXCHANGE OF INDIA : Press Releases : inks MoU with Christ University
09:02p K+S rejects Potash Corp's takeover approach as too low
08:55p UNITED PARCEL SERVICE : BRIEF: UPS truck crashes onto a fairway in High Point
08:55p DUKE ENERGY : Power restored to all Duke Energy customers in Guilford County (UPDATE)
08:55p DNO ASA : Notification - Holding of Synthetic Shares
Latest news
Advertisement
Hot News 
DISTIL : Says Performing Well So Far, With Sales And Volume Growth
ATARI : Last E.T. cartridges up for sale on eBay
OUTSOURCERY : New Debt Facilities from Vodafone
UBISENSE : Hit By Contract Delays, To Restructure Operations
OPTION : Regulated information: financial update
Most Read News
06:01p MICROSOFT : Qorus Software is awarded Microsoft Silver Cloud Platform Competency
06:03p NATIONSTAR MORTGAGE : IMPORTANT INVESTOR ALERT: Goldberg Law PC Reminds Investors with Losses Greater Than $100,000 in Nationstar Mortgage Holdings Inc. of August 3, 2015 Deadline
06:03p HUSKY ENERGY : Undertaking Maintenance at Lloydminster Upgrader
06:49p VECTREN : work in New Albany at halfway point for 2015
06:05p SUBARU : Motorcyclist killed in Midtown Anchorage crash
Most recommended articles
09:37p New Credit Suisse CEO promises 'ruthlessly selective' review
09:02p K+S rejects Potash Corp's takeover approach as too low
08:15p What to Expect From the Greek Referendum
07:39p Toshiba accounting errors may be over $1 billion - report
07:08p UK private-sector growth falls to six-month low in June - CBI