In United States agricultural policy, additional peanuts (or additionals) refers to peanuts sold from a farm in any marketing year in excess of the amount of quota peanuts (see
peanut poundage quota) sold from that farm. Additional peanuts must be exported or crushed into oil and meal. Additionals are eligible only for the lower of two price support levels available under the
peanut price support program. The lower additionals loan rate is set to ensure that the
Commodity Credit Corporation
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806) ...
does not incur losses on their sale and disposal.
In setting this support level,
USDA
The United States Department of Agriculture (USDA) is the federal executive department responsible for developing and executing federal laws related to farming, forestry, rural economic development, and food. It aims to meet the needs of com ...
is also required to take into account the demand for peanut oil and meal, expected prices of other vegetable oils and
protein mealbr>
and the demand for peanuts in foreign markets. Under the
Federal Agriculture Improvement and Reform Act of 1996, FAIR Act of 1996, loans for additional peanuts remain available.
References
*{{CRS, article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, url = http://ncseonline.org/nle/crsreports/05jun/97-905.pdf, author= Jasper Womach
Peanuts
Agricultural subsidies
United States agricultural policy