The 1996 omnibus farm bill (P.L. 104-127) authorizes a peanut program for the 1996-2002 crops. The program supports the incomes of producers and aims to ensure that ample supplies of peanuts are produced for the U.S. market. To accomplish this, the U.S. Department of Agriculture (USDA) supports the farm price of peanuts primarily by limiting the amount of peanuts each eligible farm can sell for domestic food use ("quota" peanuts) at a specified "high" price level. Farmers are free to sell peanuts produced in excess of their quota ("additionals"), primarily for export and crushing into peanut oil and meal. Two …
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The 1996 omnibus farm bill (P.L. 104-127) authorizes a peanut program for the 1996-2002 crops. The program supports the incomes of producers and aims to ensure that ample supplies of peanuts are produced for the U.S. market. To accomplish this, the U.S. Department of Agriculture (USDA) supports the farm price of peanuts primarily by limiting the amount of peanuts each eligible farm can sell for domestic food use ("quota" peanuts) at a specified "high" price level. Farmers are free to sell peanuts produced in excess of their quota ("additionals"), primarily for export and crushing into peanut oil and meal. Two levels of price support are available: a high level for "quota" peanuts, and a much lower rate for "additionals."
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Congressional Research Service Reports
The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.