buybacks

Additional peanuts that are allowed to be bought back and used like quota peanuts in the domestic edible market when there are not enough peanuts available to meet the national poundage quota. A buyback is a marketing transaction in which a grower places additional peanuts under loan at the additional loan rate and a handler simultaneously purchases such peanuts from the area marketing association for seed or other domestic use. The buyback mechanism not only provides peanuts to overcome government induced shortages, it provides a means for quota holders to make more money.

Authorization Path: 2.5.7.2.27.0