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About: Peanut Price Support Program     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatAgriculturalSubsidies, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:Abstraction100002137yago:Acquisition113253255yago:Aid113265904yago:Gift113265011yago:Grant113266892yago:Possession100032613yago:Relation100031921yago:Subsidy113267014yago:TransferredProperty113252973yago:WikicatAgriculturalSubsidies New Facet based on Instances of this Class

The 2002 farm bill (P.L. 107–171, Sec. 1301–1310) replaced the longtime (65-year) support program for peanuts with a framework identical in structure to the program for the so-called covered commodities (wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, and other oilseeds). The three components of the Peanut Price Support Program are fixed direct payments (at $36/ton), counter-cyclical payments (based on a target price of $495/ton), and marketing assistance loans or loan deficiency payments (LDPs) (based on a loan rate of $355/ton). The peanut poundage quota and the two-tiered pricing features of the old program were repealed. Only historic peanut producers are eligible for the Direct and Counter-cyclical Program (DCP). All current production is eligible for marketin