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 | 06:50pm 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 SANOFI : SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Sanofi
<1m ago NTN BUZZTIME : to Discuss Third Quarter 2014 Financial Results on November 6, 2014
<1m ago CLEARONE : Promotes Rick Stanley to Vice President of Sales for Pro Voice and AV Distribution
<1m ago SYSTEMAX : To Report Third Quarter 2014 Results On November 4, 2014
<1m ago HEALTH INSURANCE INNOVATIONS : Poll: Majority of Americans See Political Motive Behind Delay of Obamacare Enrollment Till After Elections
<1m ago FREEMAN : Names Renee J. Hornbaker To Board Of Directors
<1m ago LOWE : Names 2014 Innovation And Vendor Partners Of The Year
<1m ago EXTOL INTERNATIONAL : Selected by CIO Review for 20 Most Promising Logistics Technology Solution Providers
<1m ago DELTA AIR LINES : Rolls Out the Red Carpet for its Top 100 Employees
<1m ago SYNOPSYS : Announces Availability of DesignWare Non-Volatile Memory IP for TowerJazz 180-nm Process Technology
Latest news
Advertisement
Hot News 
CLIPPER LOGISTICS : Up On Contract With German Fashion Retailer s.Oliver
PHOENIX IT : Advice Direct Scotland takes IT into the cloud to improve customer services
AXWAY SOFTWARE : Revenue of €59.4 million for the 3rd quarter, more or less stable compared with 2013 ...
SOFTWARE : to showcase service delivery solutions at 2014 GovTech
RIBER : Stronger level of orders recorded
Most Read News
1d ago MEDASSETS : tops Street 3Q forecasts
1d ago GENERAL MOTORS' : Trademark Application for "GOODWRENCH" Filed
1d ago SAMSUNG ELECTRONICS : sees higher handset average sale price in fourth-quarter
4h ago Volkswagen profit jumps on record Audi, Porsche sales
38m ago Lufthansa shares drop after 2015 profit guidance cut for second time
Most recommended articles
4m agoDJU.S. Jobless Claims Rise By 3,000
4m agoDJU.S. GDP Expands at 3.5% Rate
4m ago Bombardier third-quarter profit tops estimates as plane deliveries jump
5m agoDJCanada Weekly Earnings Up 3.5% in August from Year Ago
6m ago Futures point to lower open despite strong GDP report
Dynamic quotes  
ON
| OFF