Released: Dec. 21, 2024
WASHINGTON, D.C. — The United States Peanut Federation (USPF) applauds Congress for including agricultural economic assistance and disaster assistance in the final passage of the Fiscal Year 2025 (FY25) appropriations legislation.
After much deliberation, on December 20, 2024, the U.S. House of Representatives passed H.R. 10545 by a vote of 366-34, which included a continuing resolution for FY25 appropriations funding, a one-year extension of the 2018 Farm Bill, $10 billion in agricultural economic assistance, and $21 billion in agricultural disaster assistance. The U.S. Senate passed H.R. 10545 overnight by a vote of 85-11, and President Biden signed the bill into law later December 21, 2024.
Due to the multi-year impact of increased costs of production, low commodity prices, and recent natural disasters, peanut growers are struggling, and many will have difficulty financing their crop for 2025. For many peanut producers, the inclusion of these agricultural assistance provisions in the final legislation will determine whether they continue farming in 2025. USPF leaders are grateful to the peanut state members of Congress and other congressional agricultural leaders who worked tirelessly to ensure these vital initiatives were secured in the final passage of the appropriations bill.
Moving into the new year, peanut producers can expect to receive an estimated economic assistance payment of $76.30 per acre no later than 90 days after the bill is enacted, according to peanut economist Dr. Stanley Fletcher.
Jamie Brown, USPF chairman, said, “We once again would like to extend our gratitude to all of our representatives who stayed steadfast in passing a resolution that would ensure our farmers can continue doing what they do so well- providing this country with the best possible food security in the world. We are thankful that they listened to so many who expressed the challenges that are being faced and have offered an opportunity to meet those challenges in the years to come.”
Joe Boddiford, Georgia Peanut Commission chairman, said, “After a few long, hard years for peanut farmers who were unsure if they would be able to continue farming in 2025, we are grateful to Congress for passing much-needed financial assistance. Thank you to the members of Congress who worked hard to ensure our farmers would receive relief. It’s a great day for families in rural America who work tirelessly to feed our nation.”
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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.