Information on Peanut Allotment Owners that Lease and Rent Away Rather Than Plant Their Peanut Allotments/Quotas.
Abstract
Section 359(b) of the Agricultural Adjustment Act of 1938, as amended, provides that anyone growing and marketing more than 1 acre of peanuts in the United States without a peanut allotment and quota is subject to a substantial penalty. Allotments have been assigned to individual farms. A person without an original allotment must either inherit, purchase, or rent the farm, or lease the peanut allotment from the farm's owner. Each allotment holder receives, as a farm poundage marketing quota, a proportionate share of the national poundage quota established by the Secretary of Agriculture. In 1981 the national peanut allotment was 1,739,000 acres. There are 16 states with allotments, but 92 percent of the allotments are in just 6 states--Alabama, Georgia. North Carolina, Oklahoma, Texas, and Virginia. When peanuts are grown under lease or rental arrangements, not by the owners of the allotments, the cost of production is increased by the lease/rent cost. According to data obtained by the Department during a 1978 survey, in 1977 this cost ranged from a low of $31 an acre in Texas to a high of $192 an acre in Georgia.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 21, 1981
- Accession Number
- ADA107377
Entities
Organizations
- United States Government Accountability Office