USDA’s Commodity Credit Corporation this week announced the 2026 crop loan rates for four types of peanuts during this harvest season.
They’ll be runners, Spanish, Valencia, and Virginia’s. The rates will all take effect August the 1st, beginning with the new crop year for peanuts. Eligible peanut producers can obtain a peanut loan through the local Farm Service Agency or other areas that have been approved.
These loans provide producers with interim financing on their production and facilitate the orderly distribution of loan eligible peanuts. The peanut runners will have an eligible loan value of $388.66 So per ton basis. So the loan rate for this year is based on the $390 per ton, which was in the working families tax cut bill.
The Commodity Credit Corporation calculated the price loan levels for each peanut type using the same method they’ve been using with a five-year average. So runners will be $388.66 and then this you could put the peanuts in the loan and sell them later. When the person buys those peanuts out, they must repay the loan or the farmer will have to repay the loan during the coming year.
Audio Reporting by Tyron Spearman for Southeast AgNet.