{"id":84,"date":"2015-04-28T11:25:11","date_gmt":"2015-04-28T15:25:11","guid":{"rendered":"http:\/\/site.extension.uga.edu\/bullochag\/?p=84"},"modified":"2015-04-28T11:25:11","modified_gmt":"2015-04-28T15:25:11","slug":"calculating-2014-plc-peanut-payment-rate","status":"publish","type":"post","link":"https:\/\/site.extension.uga.edu\/bullochag\/2015\/04\/calculating-2014-plc-peanut-payment-rate\/","title":{"rendered":"Calculating 2014 PLC Peanut Payment Rate"},"content":{"rendered":"<p>I have had a lot of questions recently concerning possible peanut payments for the 2014 peanut crop. The Marketing Year Average (MYA) price for peanuts\u00a0is calculated from August 1 &#8211; July 31 using National Agricultural Statistics Service (NASS) prices. \u00a0That being said, we are about\u00a075% of the way through the 2014 marketing year.<\/p>\n<p>&nbsp;<\/p>\n<p>The Farm Service Agency (FSA) has a Projected 2014 PLC Coverage Payment Rate on their \u00a0ARC\/PLC website. The MYA price\u00a0for peanuts from this source\u00a0has the\u00a0price\u00a0at $430\/ton for peanuts, which has not changed since November.<\/p>\n<p>&nbsp;<\/p>\n<p>Another source to get the MYA price for peanuts is NASS\u2019s Quick Stats database and\u00a0it has the current MYA price at $426\/ton. However, this average only includes August through December prices for peanuts.<\/p>\n<p>&nbsp;<\/p>\n<p>NASS publishes weekly peanut prices in their Peanut Prices report (not to be confused with FSA Weekly Posted Price for peanuts).\u00a0 Looking at published weekly prices of peanuts since August 1, 2014 through last week brings the MYA of peanuts to $438\/ton. The only peanut prices from this source that is not included for each\u00a0week\u00a0are those values\u00a0not\u00a0published due to individual buyer disclosure concerns.<\/p>\n<p>&nbsp;<\/p>\n<p>Dr. Nathan Smith has put together a spreadsheet that\u00a0includes the published peanut values for each week since August 2014. This spreadsheet will be fairly close to the value FSA will use to determine PLC peanut payments for 2014. The only values not included in spreadsheet are those\u00a0that are not published.<\/p>\n<p>&nbsp;<\/p>\n<p>Please go to <a href=\"https:\/\/www.caes.uga.edu\/departments\/agecon\/extension\/decisionaids\/index.html\">Decision Aids<\/a> and then click on Peanut Season Average Price (2015)\u00a0to get the latest\u00a0MYA price for peanuts. Remember that you must subtract the\u00a0MYA from the Statutory Reference Price to get PLC Payment Rate.<\/p>\n<p>&nbsp;<\/p>\n<p>$535 &#8211; $438.15 = $96.85<\/p>\n<p>&nbsp;<\/p>\n<p>$96.85\/ton is the current estimated PLC payment for peanuts. The final payment rate for 2014 will not be determined until after July 31, 2015. Payments for the 2014 production year will not be paid by FSA until October 2015.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have had a lot of questions recently concerning possible peanut payments for the 2014 peanut crop. The Marketing Year Average (MYA) price for peanuts\u00a0is calculated from August 1 &#8211; July 31 using National Agricultural Statistics Service (NASS) prices. \u00a0That being said, we are about\u00a075% of the way through the 2014 marketing year. &nbsp; The [&hellip;]<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/posts\/84","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/comments?post=84"}],"version-history":[{"count":19,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/posts\/84\/revisions"}],"predecessor-version":[{"id":103,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/posts\/84\/revisions\/103"}],"wp:attachment":[{"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/media?parent=84"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/categories?post=84"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/site.extension.uga.edu\/bullochag\/wp-json\/wp\/v2\/tags?post=84"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}