USDA Announces Loan Rates for 2026-Crop Peanuts

(Washington, D.C., June 16, 2026) - The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation (CCC) today announced the 2026-crop loan rates for four types of peanuts-Runner, Spanish, Valencia and Virginia. The rates take effect Aug. 1, 2026, the beginning of the peanut crop year.

Eligible producers can obtain peanut loans through their local Farm Service Agency (FSA) county offices or alternative delivery partners, such as Designated Marketing Associations (DMA) and Cooperative Marketing Associations (CMA). These loans provide producers with interim financing on their production and facilitate the orderly marketing of loan-eligible peanuts throughout the year.

The Working Families Tax Cut Act established the national loan rate for peanuts at $390 per ton. CCC calculated the price support levels for each peanut type using the same method as last year. The 2026-crop peanut loan rate is calculated using the national loan rate and five-year average quality factors, along with a three-year simple average weighted production. For an average grade ton of 2026-crop peanuts, loan levels by type are:

CCC applies premiums and discounts for quality factors to compute the loan value for an individual ton of peanuts. The actual loan level depends on the percent of various sizes of kernels in each ton. CCC uses the percentage of Sound Mature Kernels (SMK) and sound splits to compute the basic loan value of the load.

SMKs are whole, unsplit kernels that pass over the testing screen officially designated for each type of peanut. Sound splits are whole kernels split into two pieces. Excess sound splits are discounted. There are also discounts for other kernels, damaged kernels, foreign materials and loose shell kernels. Other quality discounts also may apply.

For each percent of SMK in a ton of peanuts, plus each percent of sound splits, the loan levels are: