USDA Announces No Actions Under Feedstock Flexibility Program

FPAC.BC.Press@usda.gov

WASHINGTON, March 25, 2024 – The U.S. Department of Agriculture (USDA) Commodity Credit Corporation (CCC) announced today that it does not expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2023, which runs from Oct. 1, 2023, to Sept. 30, 2024.

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 forecasts.

Federal law allows sugar processors to obtain loans from USDA with maturities of up to nine months when the sugarcane or...