Two-tiered pricing refers to a system under which commodities for domestic use are supported at one level and those for export markets at another, lower level.
In the United States, the
peanut price support program
The 2002 farm bill (P.L. 107–171, Sec. 1301–1310) replaced the longtime (65-year) support program for peanuts with a framework identical in structure to the program for the so-called covered commodities (wheat, corn, grain sorghum, barley, oats ...
, until policy changes made by the
2002 farm bill
The Farm Security and Rural Investment Act of 2002, also known as the 2002 Farm Bill, includes ten titles, addressing a great variety of issues related to agriculture, ecology, energy, trade, and nutrition. This act has been superseded by the 2007 ...
(P.L. 101-171, Section 1301-1310), used a two-tiered pricing system with a higher level of support for “
quota peanuts” that could be sold domestically as edible peanuts and a lower level of support for “
additional peanuts
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 ...
” that only could be exported or crushed if that stayed in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
.
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
Pricing