Proposed peanut assessment published in Federal Register
A change in the regulation for the National Peanut Board (NPB) assessment rate computation was published in the Federal Register on June 14. The effective date for the new assessment rate is July 16 and will be applicable to the 2018 crop year. The Federal Register notice can be viewed at http://bit.ly/pnutassessmt.
The new rule changes the basis for assessment from value to volume (per ton). The new computation will be flat rates of $3.55 per ton for farmers stock peanuts graded Segregation 1 and $1.25 per ton for farmers stock peanuts graded Segregation 2 or 3.
The rule also updates the definition of “fiscal year” from the 12-month period beginning August 1 of any year and ending July 31 of the following year to the 12-month period beginning November 1 of any year and ending October 31 of the following year.
For more information contact USDA Marketing Specialist Jeanette Palmer 202-720-9915; or email Jeanette.Palmer@ams.usda.gov.