<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2gx9cU_1FWAAeOn00" alt="https://img.particlenews.com/image.php?url=2gx9cU_1FWAAeOn00" width="1200" height="600" >JONESBORO, Ark. (KAIT) - State intervention blazed a path for Northeast Arkansas farmers after a sudden warehouse closure threatened to leave tens of millions of dollars’ worth of peanuts rotting in the dirt.State officials approved a $5 million bridge loan Thursday to fund Delta Peanut’s operating costs through this year’s harvest season.Before the announcement by Gov. Sanders, about 80% of Arkansas’ peanut harvest was ripe in fields but had no home. The peanuts are estimated to be worth between $55 million and $60 million. State law requires peanuts to be stored in federally bonded warehouses. When the United States Department of Agriculture revoked Delta Peanut’s license in September, more than 90 growers had nowhere to take their crop.Craighead County grower Gordon Miller manages 400 acres of peanuts. The news that Delta could accept his peanuts arrived right as plants reached their standard 150-day maturity window.“I’m just pretty much hoping to find a place to go with the peanuts,” Miller said. “That’s what was going through everyone’s head. It was going to get ugly if we couldn’t go anywhere with them.”Part of the state’s deal requires farmers to pay a $60-per-ton delivery fee and a bank subordination agreement.To report a typo or correction, please click here.</div></body>

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JONESBORO, Ark. (KAIT) - State intervention blazed a path for Northeast Arkansas farmers after a sudden warehouse closure threatened to leave tens of millions of dollars’ worth of peanuts rotting in the dirt. State officials approved a $5 million bridge loan Thursday to fund Delta Peanut’s operating costs through...

State loan could save peanut crop

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JONESBORO, Ark. (KAIT) - State intervention blazed a path for Northeast Arkansas farmers after a sudden warehouse closure threatened to leave tens of milli

State loan could save peanut crop

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