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Congressional Reference Prices for Peanuts Higher than Projected Prices

Created on June 14, 2013

Congressional Reference Prices for Peanuts Higher than Projected Prices

CHART 2

Notes: Projected prices are based on the CBO’s 2013 projections of marketing-year average prices. The 10-year historical record is based on the average of the peanut market-year average prices for 2003–2012. The House bill uses midseason prices as opposed to marketing-year average prices; however, while prices certainly fluctuate, there is a good chance that midseason prices would be even lower than the marketing-year average prices based on a comparison of midseason prices to marketing-year average prices for rice and peanuts for 2003–2012. See footnote 18 for more details.

House Reference Price

Projected Price

10–Year Historical Average Price

Senate Reference Price

FIGURES ARE PER TON

Sources: Agriculture Reform, Food, and Jobs Act of 2013, S. 954, and Federal Agriculture Reform and Risk Management Act of 2013, H.R. 1947, latest versions at time of publication; and Congressional Budget Office, “CBO’s May 2013 Baseline for Farm Programs,” May 14, 2013, http://www.cbo.gov/ publication/44202 (accessed May 30, 2013).

B 2815

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