The U.S. Department of Agriculture (USDA) Commodity Credit Corporation (CCC) announced that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2018 (fiscal year 2019). The CCC is required by law to quarterly announce estimates of sugar to be purchased and sold under the Feedstock Flexibility Program based on crop and consumption …
No Actions Under Feedstock Flexibility Program
The U.S. Department of Agriculture (USDA) Commodity Credit Corporation announced that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program in fiscal year 2017. Federal law allows sugar processors to obtain loans from USDA with maturities of up to nine months when the sugarcane or sugar beet harvest begins. Upon loan maturity, the sugar processor …