1301–1310) replaced the longtime (65-year) support program for peanuts with a framework identical in structure to the program for the so-called covered commodities (wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans, and other oilseeds).
The peanut poundage quota and the two-tiered pricing features of the old program were repealed.
Only historic peanut producers are eligible for the Direct and Counter-cyclical Program (DCP).
All current production is eligible for marketing assistance loans and LDPs.
Previous owners of peanut quota were compensated through a buy-out program at a rate of 55¢/lb.