Peanut Growers See Profits From Farm Bill Text

December 28, 2017 11:01 AM
 
 

The U.S. Department of Agriculture (USDA) says both U.S. peanut and cotton producers may have a record crop on their hands. 

The House of Representatives passed a disaster aid package that has a provision for cotton to be eligible for agriculture risk coverage (ARC) and price loss coverage (PLC) safety nets under the Farm Bill, which they are unable to use now. 

At the same time, peanut growers say they benefit from the current Farm Bill. The peanut reference price is set at $535 per ton under the PLC safety net. While payments may decrease in 2018, some growers say they don’t want a drastic change in upcoming Farm Bill talks. 

AgDay national reporter Betsy Jibben talked with Ashley Arrington, founder of Agri Authority; Bob Parker, president and CEO of the National Peanut Board; Don Koehler, executive director of the Georgia Peanut Commission; and Edgar Edens of Hoke Robeson Gin located in Red Springs, North Carolina. 

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Comments

 
Spell Check

Rick
Jonesboro , AR
12/29/2017 01:50 PM
 

  Can't blame peanut farmers for not wanting changes in the new farm bill. The have the biggest possible payment of any crop!

 
 
Anil
Surat, IN
12/28/2017 11:54 AM
 

  3 5 1992

 
 

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