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Marketing Quotas as an Alternative to the Present Price Support Program for Peanuts

Published online by Cambridge University Press:  28 April 2015

Frank N. Fleming  and
Fred C. White
Frank N. Fleming
Affiliation:
Department of Agricultural Economics, University of Georgia, Athens
Fred C. White
Affiliation:
Department of Agricultural Economics, University of Georgia, Athens
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Extract

Use of peanuts in edible products is expected to increase five percent in 1975-76 to 1.9 billion pounds. Despite the increase in consumption, supplies are well in excess of edible requirements. The 1975-76 peanut supply is estimated at a record 5.0 billion pounds, about 20 percent above the previous year. Surplus production is an increasingly important problem for the peanut sector. Total peanut production has doubled since 1960, although planted acreage has been restricted by the peanut program to a maximum of 1.61 million acres. Due to increasing yields, acquisitions by the Commodity Credit Corporation have increased from 17 percent of total production in 1960 to 30-35 percent in 1975.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 8 , Issue 1 , July 1976 , pp. 91 - 99
Copyright
Copyright © Southern Agricultural Economics Association 1976

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