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Quota peanuts
Are the only peanuts produced in the United States that are eligible for domestic edible use. Quota peanuts are not in excess of the effective farm poundage quota and are protected by a minimum federal price support of $610 per ton. Quota holders can place these peanuts under loan with the Commodity Credit Corporation and receive the quota support rate of $610 per ton, or sell the quota peanuts directly to the buyer (i.e. handler) for at price that is much higher than the price support rate.
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- Part of Speech: noun
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- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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