Peanut poundage quota

The maximum quantity of peanuts eligible for the higher of two price support loan rates under the peanut program ended by the 2002 Farm Bill. The 1977 Farm Bill initiated the two-tier price support program for peanuts. Each producer received a share of a national poundage quota. Producers could market more than their quota, but only the quota amount was eligible for domestic edible use. Over-quota marketings or "additional peanuts" could be sold only for export or processing (crush). Quota peanuts were eligible for a higher commodity loan rate than additionals. The 1996 Farm Bill permitted the sale, lease, and transfer of a quota across county lines within a State up to specified amounts of quota annually.

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