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Peanuts: background for 1995 farm legislation


, : Peanuts: background for 1995 farm legislation. Agricultural Economic Report Economic Research Service, US Department of Agriculture ( 710): 30 pp.

Throughout much of its history, the US groundnut programme led to surplus production and substantial government costs. To remedy these problems, farm legislation in 1977 initiated a two-price poundage quota groundnut programme. As efforts to reduce costs continued, the 1981 Act provided for a decrease in the poundage quota each year to eliminate an excess of groundnuts being supported at the higher of the two support prices.


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