AMERICAN PEANUT SHELLERS ASSOCIATION

1 AMERICAN PEANUT SHELLERS ASSOCIATION Introduction Farmers Stock Trading Rules Shelled, Inshell Trading Rules Grade Standards Revised October 22, 2018 2 INTRODUCTION Formed in 1919, the AMERICAN PEANUT SHELLERS ASSOCIATION , Inc. ( APSA ) is the senior organized group in the AMERICAN PEANUT industry. It is a non-profit trade ASSOCIATION composed of commercial PEANUT shelling and crushing firms with operations in Alabama, Florida, and Georgia with provisions in the By-Laws for like firms in other southeastern states considered as part of the southeastern PEANUT production area to hold Active Memberships. Inasmuch as many of the transactions between Members of the ASSOCIATION , and between members and non-members thereof, are conducted by electronic communication, through brokers or otherwise, these Official Rules and Grade Standards, covering offers, sales and purchases of peanuts, are adopted and promulgated to facilitate trade, avoid misunderstandings and make more definite the terms of contracts of purchase and sale, avoiding the necessity of drafting in each instance a lengthy and cumbersome document.

2 INTRODUCTION Formed in 1919, the American Peanut Shellers Association, Inc. (“APSA”) is the senior organized group in the American peanut industry.

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