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 USDA Announces No Actions Under Feedstock Flexibility Program  FPAC.BC.Press@usda.gov
 WASHINGTON, Aug. 21, 2023 – 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 2022, which runs from Oct. 1, 2022, to Sept. 30, 2023. 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 sugar beet harvests begin. On loan maturity, the sugar processor may repay the loan in full or forfeit the collateral (sugar) to USDA to satisfy the loan. The Feedstock Flexibility Program, initially authorized in the 2008 Farm Bill, was reauthorized by Congress in the 2018 Farm Bill as an option to avoid sugar forfeitures. Under the Feedstock Flexibility Program, if USDA is faced with the likelihood of loan forfeitures, it is required to purchase surplus sugar and sell it to bioenergy producers to reduce the surplus in the food use market and support sugar prices. USDA’s Aug. 11, 2023, World Agricultural Supply and Demand Estimates report (www.usda.gov/oce/commodity/wasde) projects that crop year 2022 (fiscal year 2023) U.S. ending sugar stocks are unlikely to lead to forfeitures. Therefore, USDA does not currently expect to purchase and sell sugar under the Feedstock Flexibility Program for crop year 2022.USDA will closely monitor domestic sugar stocks, consumption, imports and other sugar market variables on an ongoing basis and will continue to administer the sugar program as transparently as possible using the latest available data. The next quarterly estimate regarding the Feedstock Flexibility Program will occur on or before Jan. 1, 2024. https://www.usda.gov
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 Recent News USDA to Provide More Than $3 Billion to Commodity and Specialty Crop Producers Impacted by 2022 Natural Disasters
WASHINGTON, Oct. 27, 2023 - The U. S Department of Agriculture (USDA) will provide more than $3 billion to commodity and specialty crop producers impacted by natural disaster events in 2022. Eligible impacted producers can apply for financial assistance through the Emergency Relief Program (ERP) 2022. The program will help offset the financial impacts of crop yield and value losses from qualifying disasters occurring in 2022.
USDA’s Conservation Reserve Program Pays More Than $1.77 Billion to America’s Producers in Support of Conservation and Climate-Smart Agriculture
WASHINGTON, Oct. 16, 2023 - The U.S. Department of Agriculture (USDA) has issued more than $1.77 billion this year to agricultural producers and landowners through its Conservation Reserve Program (CRP), a critical piece of the Department’s efforts to support climate-smart agriculture and forestry on working lands. Right now, CRP’s more than 667,000 participants received payments from USDA’s Farm Service Agency (FSA) for their voluntary conservation efforts on more than 23 million acres of private land.
USDA Extends Milk Loss Program Assistance Deadline to Oct. 30
WASHINGTON, Oct. 13, 2023 – The U.S Department of Agriculture (USDA) is extending the application deadline for the Milk Loss Program (MLP) to Monday, Oct. 30, 2023, allowing more time for eligible dairy farmers to apply for much-needed, weather-related disaster recovery assistance.
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