Member access

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
Latest news
Date Title
<1m ago Advertising Benches and Bus Stops-Seating
<1m ago LOGISTICAL SUPPORT : for Consultations with Aboriginal Peoples for Recovery Planning
2m ago SESA : Service preventive, corrective maintenance and calibration, with complete spare parts and accessories by the contractor
2m ago SCHINDLER : Recruitment of a specialized firm for service in preventive and corrective maintenance of one (1) Schindler elevator installed in brand building
4m ago MASIMO : Philips' spotlight on €103m loss
4m ago Elementis appoints non-execs
4m ago BBA AVIATION : climbs high after snapping up US airport assets
4m ago ELECTROLUX : cautiously optimistic
4m ago ADIDAS : shares rally after suitors rumoured to be circling Reebok
4m ago VINCENT BOLLORÉ : Billionaire Bollore sees shares tank over ad takeover proposal
Latest news
Advertisement
Hot News 
DOMINION MIDSTREAM PARTNERS : Closes Initial Public Offering
NCR : Third Quarter 2014 Earnings Conference Call Rescheduled for October 23
NUTRECO : Animal feeding group Nutreco sold to Dutch firm SHV for €2.7bn
CLECO : SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Cleco Corporation And Encourages Investors To Contact The Firm For Additional Information
TESORO LOGISTICS : Prices Public Offering of 20,000,000 Common Units
Most Read News
1d ago Chipotle stock dips as sales growth forecasts come down
1d ago Total CEO de Margerie killed in Moscow business jet accident
1d ago GULFMARK OFFSHORE : Announces Third Quarter 2014 Operating Results
1d ago New Microsoft CEO pay tops $80 million with big stock awards
1d ago Lockheed says has plan to catch up on F-35 deliveries by year-end
Most recommended articles
4m ago SWEDBANK : third quarter profit tops forecast
9m ago Jaguar Land Rover sees 20 percent growth in China sales this year - executive
26m ago Asian share gains fade as China data fail to temper growth anxiety
27m ago Asian share gains fade as China data fail to temper growth anxiety
30m ago China's Sept. property investment slows further; sales, construction slump
Dynamic quotes  
ON
| OFF