The Durant News

AAA Announces New Peanut Regulations

New peanut marketing quota regulations to control marketing of the 1942 peanut crop were announced this week by Holmes County AAA Administrative Officer E. R. Trotman.

The new regulations differ from those of last year in the following respects:

1. Last year the farm marketing quota was based on the previous five-year average acreage; this year it is based on the 1942 acreage allotment.

(8) Last year three types of marketing cards were used by producers in marketing their peanuts; this year only one--simplified form--will be used, showing the amount of peanuts marketed. This card will serve as a valuable record to producers, and for this reason will be issued regardless of whether the farm has a marketing quota.

The county AAA official pointed out that peanut marketing quotas, instead of limiting production, serve to direct the crop into edible and oil channels, thus assuring both the edible and oil trades that each will receive an equitable amount of the year's crop with which to operate. At the same time, quotas distribute the small edible market fairly among all producers. Peanuts grown within the marketing quota are turned into the edible trade, and the surplus of such peanuts, as well as those produced in excess of quotas, are crushed for oil. Peanut producers approved marketing quota for a three-year period in a referendum held in April, 1941.

The edible price this year will be supported at 85 per cent of parity, or an average of $124 per ton, while the oil price will range from $70 to $82 per ton, depending on varieties.

This year's acreage of peanuts, based on the July crop report, is around 4.8 million, or more than twice as many as ever grown before in a single year in the United States. This increase was urged by the Department to meet the great wartime need for vegetable oils and to offset the loss of Oriental oil importation due to the war.