date:May 14, 2013
ice. For peanuts, the new alternative price of $523.77 per ton is almost 6% higher than the 2008 loan rate of $495 a ton.
Really, the target prices are kind of designed for those crops, said Murphy, pointing out that he hasn't gotten a counter-cyclical payment for his crops for eight or nine years.
ASA and some other commodity groups opposed linking target prices to planted acres. Instead, the Senate bill ties them to a crop's historical base acres.
We were really happy to see it was not tie