PRICE SUPPORT PROGRAM DELIVERY - Peanut Shellers · 2008 through 2012 CY peanuts offered as collateral for MAL. PRICE SUPPORT PROGRAM DELIVERY Handling and Associated Costs (Continued)

PRICE SUPPORT PROGRAM DELIVERYPROGRAM DELIVERY

Price Support DivisionPrice Support DivisionFarm Service AgencyFarm Service Agency

Cordele, GACordele, GAAugust 6, 2008August 6, 2008

Food Conservation and Security Food Conservation and Security Food Conservation and Security Food Conservation and Security Act of 2008Act of 2008

Enacted on May 22, 2008Enacted on May 22, 2008

PROGRAM AUTHORITYPROGRAM AUTHORITYCCC Federal Notice CCC Federal Notice issued on July 25, 2008issued on July 25, 2008

PROGRAM AUTHORITYPROGRAM AUTHORITY

7 CFR 7 CFR 7 CFR 7 CFR Parts 1421, 1425Parts 1421, 1425

1405 1216 996 & 7351405 1216 996 & 7351405, 1216, 996 & 7351405, 1216, 996 & 735Handbook 8Handbook 8--LPLP

PSPS N tiN tiPSPS--NoticesNoticesLPLP--NoticesNotices

CMACMA--NoticesNotices

PROGRAM AUTHORITYPROGRAM AUTHORITY

FUTUREFUTUREFUTURE…FUTURE…

•• Provisions not covered by existing Provisions not covered by existing regulations will be implemented regulations will be implemented g pg pupon publication of final upon publication of final regulations.regulations.gg

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERY

General MAL/LDP Provisions:General MAL/LDP Provisions:

eligible producer (8eligible producer (8--LP, par. 100)LP, par. 100)eligible producer (8eligible producer (8 P, par. 100)P, par. 100)eligible commodity (8eligible commodity (8--LP, Part 2)LP, Part 2)beneficial interest (8beneficial interest (8--LP subpar. 129)LP subpar. 129)beneficial interest (8beneficial interest (8 LP subpar. 129)LP subpar. 129)

All unchanged from the 2007 CYAll unchanged from the 2007 CYAll unchanged from the 2007 CY.All unchanged from the 2007 CY.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERY(Continued)(Continued)

Payment Limitation Provisions Payment Limitation Provisions –– the the Payment Limitation Provisions Payment Limitation Provisions the the same as the 2007 CYsame as the 2007 CY

•• Combined Combined $75,000$75,000 payment limitation payment limitation for marketing gains and LDP’s for wool for marketing gains and LDP’s for wool for marketing gains and LDP s for wool, for marketing gains and LDP s for wool, mohair, honey, peanuts and unshorn mohair, honey, peanuts and unshorn pelts.pelts.pelts.pelts.

PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY (Continued)(Continued)

Seg. 1 Peanuts

Peanut Type National Loan Rate Per Ton

Rate Per Percent Total Sound Mature

Kernels (SMK)( )

Virginia $357.32 $4.939

Runner $354.75 $4.842

Spanish – SW $348.95 $4.818

Spanish – SE $348.95 $4.818

Valencia $357.32 $5.219

PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY (Continued)(Continued)

Seg. 2 and Seg. 3 PeanutsSeg. 2 and Seg. 3 Peanuts

Virginia $125.06 No Additional Premiums and Premiums and DiscountsRunner $124.16

Spanish SW $122 13Spanish – SW $122.13

Spanish – SE $122.13

Valencia $125.06

PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY PRICE SUPPORT PROGRAM DELIVERY (Continued)(Continued)

Additional discounts for Seg. 1 Additional discounts for Seg. 1 ggwarehousewarehouse--stored peanut MAL are stored peanut MAL are the same as the previous crop yearthe same as the previous crop year

•• DamageDamage•• Foreign MaterialForeign Material•• Sound SplitsSound Splits


MAL (APSS)MAL (APSS)•• FarmFarm--Stored CertifiedStored Certified•• FarmFarm--Stored MeasuredStored Measured•• FarmFarm--Stored MeasuredStored Measured•• WarehouseWarehouse--StoredStored

LDP (APSS or eLDP)LDP (APSS or eLDP)•• FarmFarm-- or Warehouseor Warehouse--Stored CertifiedStored Certified•• FarmFarm--Stored MeasuredStored MeasuredFarmFarm Stored MeasuredStored Measured•• Receipted WarehouseReceipted Warehouse--Stored QuantityStored Quantity•• Load Summary or Scale Ticket QuantitiesLoad Summary or Scale Ticket Quantities

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYHandling and Associated CostsHandling and Associated Costs

The 2008 Act authorizes the Secretary to The 2008 Act authorizes the Secretary to yyuse CCC funds to pay handling and other use CCC funds to pay handling and other associated costs (other than storage associated costs (other than storage

t ) t th t t f t ) t th t t f costs) to ensure that proper storage of costs) to ensure that proper storage of 2008 through 2012 CY peanuts offered as 2008 through 2012 CY peanuts offered as collateral for MALcollateral for MALcollateral for MAL.collateral for MAL.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYHandling and Associated Costs Handling and Associated Costs (Continued)(Continued)

The handling amount will be added The handling amount will be added ggto the loan disbursement at to the loan disbursement at loanmaking.loanmaking.

The rate of handling charges will The rate of handling charges will g gg ginclude the Stateinclude the State--specific grading specific grading and inspection fees for peanuts.and inspection fees for peanuts.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYHandling and Associated Costs Handling and Associated Costs (Continued)(Continued)

The 2008 Act requires the repayment of The 2008 Act requires the repayment of q p yq p yhandling and associated costs when MAL handling and associated costs when MAL is redeemed.is redeemed.

CCC shall pay pay storage, handling, and CCC shall pay pay storage, handling, and other associated on forfeited peanuts for other associated on forfeited peanuts for the 2008 through 2012 crop years.the 2008 through 2012 crop years.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYAPSS EnhancementsAPSS Enhancements

Warehouse Stored LoanmakingWarehouse Stored Loanmaking

•• calculate the dollar amount of handling calculate the dollar amount of handling charges due on quantity of peanuts offered as charges due on quantity of peanuts offered as collateral for MAL.collateral for MAL.

•• print the dollar amount of handling charges print the dollar amount of handling charges paid on:paid on:

•• CCCCCC--678678•• Warehouse Receipt Summary Report for Peanuts.Warehouse Receipt Summary Report for Peanuts.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYAPSS Enhancements APSS Enhancements (Continued)(Continued)

Warehouse Stored Loanmaking Warehouse Stored Loanmaking (Con’t)(Con’t)Warehouse Stored Loanmaking Warehouse Stored Loanmaking (Con t)(Con t)

•• provide the ability to send payment of provide the ability to send payment of p y p yp y p yhandling charges to the warehouse for handling charges to the warehouse for each loan disbursement.each loan disbursement.


Settlements and ForfeituresSettlements and Forfeitures

•• APSS shall use the loan and warehouse rates APSS shall use the loan and warehouse rates applicable to the 2008 CY when processing applicable to the 2008 CY when processing applicable to the 2008 CY when processing applicable to the 2008 CY when processing settlements.settlements.

•• CCC shall pay storage, handling, and other CCC shall pay storage, handling, and other associated costs on forfeited peanuts for the associated costs on forfeited peanuts for the 2008 through 2012 CY.2008 through 2012 CY.


WarehouseWarehouse--Stored MAL RepaymentStored MAL Repaymentp yp y

•• calculate the dollar amount of handling calculate the dollar amount of handling charges due on the quantity being redeemed.charges due on the quantity being redeemed.

i t th d ll t f h dli h i t th d ll t f h dli h •• print the dollar amount of handling charges print the dollar amount of handling charges due on CCCdue on CCC--500.500.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYOffsetsOffsets

Discontinue Discontinue offset for Inoffset for In--handlinghandling

Continue offsets for:Continue offsets for:

Cl iCl i•• CleaningCleaning•• DryingDrying•• Custom HarvestingCustom HarvestingCustom HarvestingCustom Harvesting•• Seed AccountSeed Account•• StorageStorage


Unchanged for 2008 CYUnchanged for 2008 CY

•• deductions for unpaid storage through loan deductions for unpaid storage through loan maturitymaturity

•• service feesservice fees•• interestsinterests•• commodity assessmentscommodity assessments•• commodity assessmentscommodity assessments•• assignmentsassignments•• commodity certificate exchangecommodity certificate exchangecommodity certificate exchangecommodity certificate exchange

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Template1007 Template

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Template1007 Template

FSAFSA--1007 Template1007 Template

Can be obtained by visiting:Can be obtained by visiting:

http://www.fsa.usda.gov/dafp/psd/http://www.fsa.usda.gov/dafp/psd/peanut.htmlpeanut.html

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Requirements1007 Requirements

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Requirements1007 Requirements

FSA has provided the official FSAFSA has provided the official FSA--1007 1007 serial numbers to AMS.serial numbers to AMS.

ONLYONLY the issued numbers should be used the issued numbers should be used h i i h FSAh i i h FSA 100100when printing the FSAwhen printing the FSA--1007.1007.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Requirements 1007 Requirements (Continued)(Continued)

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFSAFSA--1007 Requirements 1007 Requirements (Continued)(Continued)

The lead number for FSAThe lead number for FSA--1007 1007 numbers issued for the 2008 crop will numbers issued for the 2008 crop will bebe “8”.“8”.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFVFV--95 Requirement 95 Requirement

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYFVFV--95 Requirement 95 Requirement

Lead Alphabet on the FVLead Alphabet on the FV--95 form is95 form is“S”“S” A S ill di ib f if A S ill di ib f if “S”“S” AMS will distribute forms, if AMS will distribute forms, if applicable.applicable.

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYDCC Transmissions & BP ProfilesDCC Transmissions & BP Profiles

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYDCC Transmissions & BP ProfilesDCC Transmissions & BP Profiles

DCC Transmission Instructions will be DCC Transmission Instructions will be included in the Guidelines to Peanut included in the Guidelines to Peanut included in the Guidelines to Peanut included in the Guidelines to Peanut

ShellersShellers

Peanut Market Place is Currently Under Peanut Market Place is Currently Under ConstructionConstruction

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYMiscellaneousMiscellaneous

PRICE SUPPORT PROGRAM DELIVERYPRICE SUPPORT PROGRAM DELIVERYMiscellaneousMiscellaneous

2008 Peanut Fact Sheet2008 Peanut Fact Sheet

2008 Industry Guidelines2008 Industry Guidelines

P R lP R lPress ReleasePress Release

LP PS and CMA NoticesLP PS and CMA NoticesLP, PS and CMA NoticesLP, PS and CMA Notices

Documents

PRICE SUPPORT PROGRAM DELIVERY - Peanut Shellers · 2008 through 2012 CY peanuts offered as collateral for MAL. PRICE SUPPORT PROGRAM DELIVERY Handling and Associated Costs (Continued)