(May 15, 2025 – WASHINGTON, D.C.) The United States Peanut Federation (USPF) applauds the U.S. House Committee on Agriculture for passing Chairman Glenn “GT” Thompson’s budget legislation that focuses on Investment in Rural America.
Chairman Thompson’s proposed bill contained several important provisions for the U.S. peanut industry, including an increase in the Price Loss Coverage (PLC) reference price, an update for base acres, marketing loan increase, and payment limitations that reflect increased costs of production. This legislation was passed by the House Agriculture Committee last night and will soon be considered on the House floor.
Chairman Thompson stated, “We’re strengthening the farm safety net and delivering critical support to the farmers, workers, and communities that keep America fed. These commonsense solutions help build a stronger, more resilient rural America. I’m grateful to my colleagues on the Committee for their hard work, and I look forward to passing this bill in the House and delivering results for families across the country.”
“The United States Peanut Federation (USPF) is pleased to support the House Agriculture Committee’s Budget Reconciliation bill, which addresses the current challenging economic times for the U.S. peanut industry. With the impact of rising costs of production and low commodity prices, farmers are struggling financially. There have been two extensions of the 2018 Farm Bill which, due to antiquated data, provides little in the form of a safety net for producers in today’s marketplace. The Agriculture Committee’s bill addresses these outdated farm bill provisions, updates key pieces of the farm safety net, and supports commodity export, research, and marketing efforts. This bill assures that growers, agribusinesses, and rural communities can move forward with confidence in farm policy for the foreseeable future,” stated USPF Chairman Jamie Brown.
“Costs of production continue to outpace market prices for peanut growers. We don’t see this situation improving for the 2025 crop nor the 2026 crop year. The U.S. House Agriculture Committee’s Budget package contains the top policy priorities for U.S. peanut growers and the peanut industry. We are pleased to support the Committee’s bill and encourage the U.S. House of Representatives to pass the Reconciliation package, including the Agriculture Committee’s provisions,” commented Joe Boddiford, Chairman of the Georgia Peanut Commission.
Alabama Peanut Producers Association President Carl Sanders stated, “The U.S. House Agriculture Committee passed Budget Reconciliation bill is good for Alabama peanut growers. The Committee listened to the peanut industry’s concerns about the economic conditions in Rural America and moved to address them. We believe the peanut provisions in the House Bill are the peanut industry’s best opportunity to address these significant financial conditions for growers.”
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The United States Peanut Federation (USPF) is comprised of the Southern Peanut Farmers Federation, the American Peanut Shellers Association, and the National Peanut Buying Points Association. USPF serves as a unified voice in Washington D.C. for all sectors of the peanut industry and advocates actively for strong agricultural policy. For additional information, contact Lorene Parker at (202) 543-7464 or by emailing lparker@reddingfirm.com.