SOUTHERN JOURNAL OF AGRICULTURAL ECONOMICS JULY, 1976 MARKETING QUOTAS AS AN ALTERNATIVE TO THE PRESENT PRICE SUPPORT PROGRAM FOR PEANUTS

Use of peanuts in edible products is expected to would limit production to the 1970-73 average increase five percent in 1975-76 to 1.9 billion pounds production. [15]. Despite the increase in consumption, supplies are well in excess of edible requirements. The 1975-76 peanut supply is estimated at a record 5.0 RELATED LITERATURE billion pounds, about 20 percent above the previous Livermore investigated variables affecting the year [15]. Surplus production is an increasingly supply of peanuts in the United States between 1909 important problem for the peanut sector. Total and 1958 [7]. The U.S. was divided into three peanut production has doubled since 1960, although production regions, and acreage, yield and production planted acreage has been restricted by the peanut were estimated for each region. Estimates of supply program to a maximum of 1.61 million acres [3]. and demand were compared to determine the Due to increasing yields, acquisitions by the prospective surplus of peanuts for the years 1959 Commodity Credit Corporation have increased from through 1965, this quantity being the amount of 17 percent of total production in 1960 to 30-35 peanuts which the government should divert from percent in 1975 [15]. normal trade channels. Although the study integrate