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Peanuts: Background for 1990 Farm Legislation

Author

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  • Schaub, James D.
  • Wendland, Bruce

Abstract

The peanut program has led to surplus production and increasing Government costs throughout most of its history. These problems led to farm legislation in 1977 that initiated a two-price poundage quota peanut program, which was continued under the 1981 and 1985 farm acts. The 1981 Act suspended the peanut acreage allotments and decreased the poundage quota each year to eliminate excess peanuts supported at the higher of the two support prices. The 1985 Act continued many provisions of the 1981 Act but established guidelines for setting the poundage quota to match use. The peanut program will revert to permanent legislation of acreage allotments and parity supports unless a new program is enacted. An important issue for the upcoming farm legislation is whether to continue the current program or to include peanuts under a more general agricultural program.

Suggested Citation

  • Schaub, James D. & Wendland, Bruce, 1989. "Peanuts: Background for 1990 Farm Legislation," Staff Reports 278257, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278257
    DOI: 10.22004/ag.econ.278257
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    File URL: https://ageconsearch.umn.edu/record/278257/files/ers-report-430.pdf
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    Cited by:

    1. Borges, Robert B., 1995. "Trade And The Political Economy Of Agricultural Policy: The Case Of The United States Peanut Program," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-18, December.
    2. Farsund, Ø. & Felderhof, B.U., 1996. "Force, torque, and absorbed energy for a body of arbitrary shape and constitution in an electromagnetic radiation field," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 227(1), pages 108-130.

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