Tag Archives: disaster relief

News Briefs

moringa leaf fiber

Loan Rates Corrected The U.S. Department of Agriculture’s Commodity Credit Corporation announced corrected 2019 crop loan rates. Loan rates published in June were incorrectly calculated. 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 ... Read More »

Crop conditions expected to affect final yield

peanuts, center pivot

The U.S. market is in a “wait and see” mode. The Southeast, where 70% of peanuts are grown, is experiencing hot and dry conditions, one of the longest such periods in history. Early planted peanuts were considered good, especially those under irrigation. However, late-planted and dryland peanuts are showing damage and increased aflatoxin. It is too early to tell the ... Read More »

News Briefs

elmhurst peanut milk

Peanuts Included In Tariff Mitigation Plan U.S. Secretary of Agriculture Sonny Perdue has announced that the USDA will take several actions to assist farmers in response to trade damage from unjustified retaliation and trade disruption. The Trump administration announced its plan for tariff mitigation following the unjustified retaliatory tariffs imposed by China. Standing alongside President Trump in the Roosevelt Room ... Read More »

Trade And Disaster Relief Dominate Market Talk Most Recently

Production for peanuts in 2019-20 is projected by USDA to be up 3 percent to 5.6 billion pounds based on modest increases in intended planting and yield. The NASS Prospective Plantings report showed most peanut acreage gains are expected for Texas and Florida, where cotton acreage is down 23 percent. The idea that cotton would bounce back to 80 cents ... Read More »

News Briefs

U.S. capitol

Farm Bill Called ‘A Miracle’ At the National Peanut Buying Points Association Annual Convention, U.S. House of Representatives Agriculture Committee Chairman, Collin Peterson (D-Mn) said, “It was a miracle with all the problems we had to face that we got a Farm Bill!” Peterson said that it was good news the way it played out, but it was hard fought ... Read More »