USDA ANNOUNCES 2000-CROP PEANUT NATIONAL POUNDAGE QUOTA
Market Wire, 20050229
The U.S. Department of Agriculture today announced a national poundage quota for peanuts for the 2000 marketing year of 1,180,000 short tons, (2.360 billion pounds) the same as the 1999 level.
Keith Kelly, Administrator of USDA's Farm Service Agency, said this level has been determined to be the quota level which will provide peanuts for domestic use in accordance with the statutory formula for establishing the quota. The announcement of the final national poundage quota must be made by December 15, 1999, for the 2000 marketing year, which begins August 1, 2000.
The Agricultural Adjustment Act of 1938, as amended, provides that the national poundage quota for the 2000 crop of peanuts shall be a formula quantity equal to the estimated quantity of peanuts needed for domestic edible and related uses, excluding seed, in the 2000 marketing year. The formula quantity, together with an allowance for the possibility of underdeliveries up to 18,500 short tons, totals 1,180,000 short tons.
The 2000-crop national poundage quota will be allocated to each State based on the State's share of the 1999-crop national poundage quota.
The national average 2000 quota price support level is set by statue at $610 per short ton. The price support level for additional peanuts must be set by February 15, 2000.
For further information contact Daniel Stevens, telephone (202) 720-5291, E-mail address Daniel_Stevens@wdc.fsa.usda.gov
NOTE: Farm Service Agency (FSA) news releases and media advisories are available on the World Wide Web at FSA's Home Page: http://www.fsa.usda.gov/pas/news/releases/index.htm
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express