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  • Peanut Backgrounder

    OCS-05I01, October 26, 2005

    Like producers of other agricultural commodities, U.S. peanut growers in recent years have confronted pressures from market forces and the impacts of policy developments, both domestic and international. Most notably, peanut policy was transformed in 2002 by the elimination of a decades-old marketing quota system. This policy step represented a fundamental change that was accompanied by substantial adjustments in the peanut sector. While demand growth has since been robust, greater supplies and lower prices are raising government expenditures on the peanut program. Federal budget pressures and the implications of trade agreements are important current issues. This report is the first of a series of background reports on key U.S. commodities, which will provide a concise overview of important developments in major sectors of the agricultural economy.

  • Peanut Outlook: Impacts of the 2008-09 Foodborne Illness Outbreak Linked to Salmonella in Peanuts

    OCS-10A-01, February 01, 2010

    The 2009 foodborne illness outbreak linked to Salmonella in peanut products resulted in one of the largest food safety recalls ever in the United States. The source of the outbreak handled a small share of the U.S. peanut supply, but the scope of the recalls was magnified because the peanut products were used as ingredients in more than 3,900 products. Consumer purchases of peanut-containing products initially slowed during the recalls, but retail purchases soon returned to normal and peanut processing held steady. The recalls do not appear to have had a lasting impact on peanut demand and production.

  • Peanut Policy Change and Adjustment Under the 2002 Farm Act

    OCS-04G01, July 15, 2004

    This report examines the experience of the peanut sector following the 2002 Farm Act's elimination of the marketing quota system, and identifies factors affecting the transition to a more market-oriented system. Although peanut prices and acreage declined following passage of the 2002 Farm Act, it appears that producers are taking advantage of increased planting flexibility to expand production in higher yielding areas. Moreover, the transition has been cushioned by rising demand, and additional sources of revenue from government payments and other sources of farm and off-farm income.

  • Soybean Backgrounder

    OCS-200601, April 04, 2006

    This report addresses key domestic and international market and policy developments that have affected the U.S. soybean sector in recent years. It provides an analysis of the competition between crops for domestic farmland and the international supply and demand for soybean products. Also covered are domestic and trade policy, farm program costs, and a profile of operating and financial characteristics of U.S. farms producing soybeans.

  • Soybeans: Background and Issues for Farm Legislation

    OCS-0701-01, August 01, 2001

    Congress is considering new farm legislation to replace the expiring Federal Agriculture Improvement and Reform Act of 1996. As background for these deliberations, this report provides information on supply, demand, and prices in the U.S. soybean sector. Domestic policy effects on U.S. exports and trade agreements are also evaluated because international trade is an important component of soybean demand. A description of the major features of the current soybean program is included, as well as a discussion of some proposed policy changes.