CCC used the $43.8 million to purchase 91,238 metric tons of sugar under the Cost Reduction Options of the 1985 farm bill, which authorizes CCC to purchase surplus program crops if the purchase results in expected program savings. The purchased sugar was exchanged for sugar import access generated by the Refined Sugar Re-export Program or included in the United States-Colombia Trade Promotion Agreement at an average ratio of 3.3 tons of import access per ton of CCC sugar. Additional information on this action can be found at: www.fsa.usda.gov/FSA/webapp?area=home&subject=coop&topic=pas-sa.
CCC is monitoring the market on an on-going basis and will take action as necessary to reduce the cost of the Sugar Program. Sugar Program costs are expected to increase in 2013 due to record crops in North America and world prices that no longer support U.S. prices at the Sugar Program support level.
USDA is an equal opportunity provider and employer. To file a complaint of discrimination, write: USDA, Office of the Assistant Secretary for Civil Rights, Office of Adjudication, 1400 Independence Ave., SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll-free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users).
Information provided by United States Department of Agriculture
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