Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/24/2014 | 11:50pm CEST


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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
04:01p Oakland Park Animal Hospital Educates Pet Owners on Hurricane Season Preparedness
04:01p Ringer Chiropractic Announces the Addition of New Doctor of Chiropractic, Dr. Robert M. Marlowe
04:01p Washington Vision Therapy Center Welcomes New Vision Therapist, Erin Betancourt
04:01p Emergency Animal Hospital of Northwest Austin Celebrates Over Three Decades of Providing Emergency Veterinary Services
04:01p Dr. Donald Milione, Chiropractor, Offers Complementary Lumbar Cushion to First-time Patients in New York City
04:01p O'Dell Family Chiropractic Celebrates 25 Years of Chiropractic Service and Community Involvement
04:01p Five things to watch for in the Canadian business world in the coming week
04:01p Dessau Vet Clinic Offers Pet Allergy Treatment with the New Drug, Apoquel
04:01p INTERRA RESOURCES : In Upstate, disabled have opportunities
04:01p Forsight Vision, Ltd. Supports Children's Education with Fundraising Campaign
Latest news
Advertisement
Hot News 
21.42%Twitter In Talks with Suitors, Including Salesforce, Google -CNBC's Faber
15.45%Endo International CEO steps down, Campanelli named successor
9.77%SANTANDER CONSUMER : USA to Restate Financial Reports
-5.17%FINISH LINE : Comparable Store Sales Rise
-3.52%AP MOELLER MAERSK A/S : A.P. Moeller-Maersk to Split Into Two Separate Divisions -- 4th Update
Most Read News
09/24 FACEBOOK : apologises for shutting down Palestinian journalists' accounts
03:01a MICROSOFT : HostForLIFE.eu Launches Moodle 3.1.2 Hosting
09/24 MACY : Washington state mall shooting suspect named as victim's mother speaks
04:30a MANCHESTER UNITED : After dropping Rooney, United beats Leicester 4-1 in EPL
09/24 TURKEY TO CONTINUE ECONOMIC REFORMS : Deputy PM Simsek
Most recommended articles
05:38a TENCENT : to donate 2 percent of profit as Chinese online charity grows
09/24 Canada Unifor union sets tentative strike deadline for Fiat Chrysler
09/24 WELLS FARGO : Former employees file class action against Wells Fargo
09/24DJGENERAL MOTORS : GM Shows Off Coming Diesel-Power Small SUV
09/24DJForeign Jet-Fighter Makers Woo India