Peanut Program: Impact on Peanut Producers, Users, and the Government
(Testimony, 06/08/95, GAO/T-RCED-95-215).

The peanut program has generally stabilized the U.S. peanut supply while
supporting producers' income.  However, peanut farming, like other U.S.
agricultural operations, has undergone profound changes since the 1930s,
when the program was created, including the globalization of
agricultural markets, the decline in the number of peanut producers
receiving most of the program's benefits, and cost increases to U.S.
peanut buyers.  GAO recommends that Congress restructure the peanut
program to make it more responsive to market forces.  GAO suggests that
Congress (1) reduce the annual quota support price to more closely
parallel the cost of producing peanuts and the world market price and
(2) amend the peanut legislation to allow the quota support price to
rise and fall each year to reflect fluctuations in production costs.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-RCED-95-215
     TITLE:  Peanut Program: Impact on Peanut Producers, Users, and the 
             Government
      DATE:  06/08/95
   SUBJECT:  Agricultural products
             Agricultural programs
             Agricultural production
             Farm produce
             Price supports
             Exporting
             Commodity marketing
             Food supply
             International trade
             Farm subsidies
IDENTIFIER:  USDA Peanut Program
             North American Free Trade Agreement
             Georgia
             1995 Farm Bill
             NAFTA
             
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