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Farm Service Agency

U.S. DEPARTMENT OF AGRICULTURE

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# USDA Announces No Actions Under Feedstock Flexibility Program

                                                                                                                                                                                                                                                                                        En español                                                                                                                                                                                                                                                                                            Contact: FPAC.BC.Press@usda.gov

WASHINGTON, Jan. 26, 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 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 Jan. 12, 2024, World Agricultural Supply and Demand Estimates report projects that crop year 2023 (fiscal year 2024) 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 2023.

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 April 1, 2024.

**More Information**

To learn more about FSA programs, producers can contact their local USDA Service Center. Producers can also prepare maps for acreage reporting as well as manage farm loans and view other farm records data and customer information by logging into their farmers.gov account. If you don’t have an account, sign up today.

USDA touches the lives of all Americans each day in so many positive ways. Under the Biden-Harris administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit usda.gov.

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                                                                                                                                                                                                                                                                                              Contacto:                                                                                                                                                                                                                                                                                              FPAC.BC.Press@usda.gov**El USDA anuncia que no tomara medidas conforme al Programa de Flexibilidad de Materias Primas**WASHINGTON, 26 de enero de 2024 - La Corporaci6n de Credito para Productos Basicos (CCC, por sus siglas en ingles) del Departamento de Agricultura de los Estados Unidos (USDA) anunci6 hoy que no espera comprar ni vender azucar conforme al Programa de Flexibilidad de Materias Primas para el ario agrfcola 2023, que abarca desde el 1 de octubre de 2023 hasta el 30 de septiembre de 2024.

La ley obliga a la CCC a anunciar trimestralmente las estimaciones de azucar que se comprara y vendera conforme al Programa de Flexibilidad de Materias Primas, basandose en las previsiones de cultivo y consume.

La ley federal permite a los productores de azucar obtener prestamos del USDA con vencimientos de hasta nueve meses cuando se inician las cosechas de caria de azucar o remolacha azucarera. Al vencimiento del prestamo, el productor de azucar puede reembolsar el prestamo en su totalidad al USDA o perder la garantfa (azucar) para pagar el prestamo.

**El**Programa de Flexibilidad de Materias Primas, autorizado inicialmente en la Ley Agrfcola de 2008, fue reautorizado por el Congreso en la Ley Agrfcola de 2018 como una opci6n para evitar las confiscaciones de azucar. En virtud del Programa de Flexibilidad de Materias Primas, si el USDA se enfrenta a la probabilidad de perdida de prestamos, esta obligado a comprar el excedente de azucar y venderlo a los productores de bioenergfa para reducir el excedente en el mercado de uso alimentario y apoyar los precios del azucar. **El**informe del USDA del 12 de enero de 2024, Estimaciones de la Oferta y la Demanda Agrfcola Mundial (World Agricultural Supply and Demand Estimates, en ingles), preve que es poco probable que las existencias finales de azucar de los Estados Unidos del ario agrfcola 2023 (ario fiscal 2024) den lugar a confiscaciones.

**El**USDA seguira de cerca las existencias nacionales de azucar, el consume, las importaciones y otras variables del mercado del azucar de forma continua y continuara administrando el programa del azucar con la mayor transparencia posible utilizando los ultimas datos disponibles. La pr6xima estimaci6n trimestral en relaci6n al Programa de Flexibilidad de Materias Primas tendra lugar el 1 de abril de 2024 o antes.

# lnformaci6n adicional

Para obtener mas informaci6n sobre los programas de la FSA, los productores pueden ponerse en contacto con su Centro de Servicios local del USDA. Los productores tambien pueden preparar mapas

para los informes de superficie (en acres), asf como gestionar prestamos agrfcolas y ver otros datos de registros agrfcolas e informaci6n de clientes iniciando sesi6n en su cuenta de farmers.gov. Si no tiene una cuenta, regfstrese hoy mismo.

**El**USDA influye en la vida de todos los estadounidenses cada dfa de muchas maneras positivas. Bajo la administraci6n Biden-Harris, el USDA esta transformando el sistema alimentario de Estados Unidos con un mayor enfoque en la producci6n de alimentos locales y regionales mas resilientes, mercados mas justos para todos los productores, garantizando el acceso a alimentos seguros, saludables y nutritivos en todas las comunidades, construyendo nuevos mercados y flujos de ingresos para los agricultores y productores que utilizan alimentos y practicas forestales climaticamente inteligentes, hacienda inversiones hist6ricas en infraestructura y fuentes de energfa limpia en las zonas rurales de Estados Unidos, y comprometiendose con la equidad en todo el Departamento mediante la eliminaci6n de barreras sistemicas y la construcci6n de una fuerza de trabajo mas representativa de Estados Unidos. Para mas informaci6n, visite usda.gov.

 

USDA is an equal opportunity provider, employer and lender.

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## Recent News

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                        - USDA Appoints New Members to the Federal Advisory Committee for Urban Agriculture and Innovative Production   WASHINGTON, Dec. 20, 2023 – Agriculture Secretary Tom Vilsack appointed four new members to the Urban Agriculture and Innovative Production Federal Advisory Committee (Committee). The new members are replacing four members whose terms are expiring and rotating off the Committee. The Committee is part of the U.S. Department of Agriculture’s (USDA) efforts to support urban agriculture and innovative production, creating a network for feedback. 
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