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.


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 USDA Announces No Actions Under Feedstock Flexibility Program  Contact:FPAC.BC.Press@usda.govEn español 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 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 March 8, 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 July 1, 2024. USDA touches the lives of all Americans each day in so many positive ways. In 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 http://www.usda.gov.  Contacto:FPAC.BC.Press@usda.gov El USDA anuncia que no tomará medidas conforme al Programa de Flexibilidad de Materias Primas.**** WASHINGTON, 25 de marzo de 2024 - La Corporación de Crédito para Productos Básicos (CCC, por sus siglas en inglés) del Departamento de Agricultura de los Estados Unidos (USDA, por sus siglas en inglés) anunció hoy que no espera comprar ni vender azúcar conforme al Programa de Flexibilidad de Materias Primas para el año agrícola 2023, que abarca desde 1 de octubre de 2023 hasta 30 de septiembre de 2024. La ley obliga a la CCC a anunciar trimestralmente las estimaciones de azúcar que se comprará y venderá conforme al Programa de Flexibilidad de Materias Primas, basándose en las previsiones de cultivo y consumo. La ley federal permite a los productores de azúcar obtener préstamos del USDA con vencimientos de hasta nueve meses cuando se inician las cosechas de caña de azúcar o remolacha azucarera. Al vencimiento del préstamo, el productor de azúcar puede reembolsar el préstamo en su totalidad al USDA o perder la garantía (azúcar) para pagar el préstamo. El Programa de Flexibilidad de Materias Primas, autorizado inicialmente en la Ley Agrícola de 2008, fue reautorizado por el Congreso en la Ley Agrícola de 2018 como una opción para evitar las confiscaciones de azúcar. En virtud del Programa de Flexibilidad de Materias Primas, si el USDA se enfrenta a la probabilidad de pérdida de préstamos, está obligado a comprar el excedente de azúcar y venderlo a los productores de bioenergía para reducir el excedente en el mercado de uso alimentario y apoyar los precios del azúcar. El informe del USDA del 8 de marzo de 2024, Estimaciones de la Oferta y la Demanda Agrícola Mundial (World Agricultural Supply and Demand Estimates, en inglés) prevé que es poco probable que las existencias finales de azúcar de los Estados Unidos del año agrícola 2023 (año fiscal 2024) den lugar a confiscaciones. Por lo tanto, el USDA no espera actualmente comprar y vender azúcar conforme al Programa de Flexibilidad de Materias Primas para el año agrícola 2023. El USDA seguirá de cerca las existencias nacionales de azúcar, el consumo, las importaciones y otras variables del mercado del azúcar de forma continua y continuará administrando el programa del azúcar con la mayor transparencia posible utilizando los últimos datos disponibles. La próxima estimación trimestral relativa al Programa de Flexibilidad de Materias Primas tendrá lugar el 1 de julio de 2024 o antes. El USDA influye en la vida de todos los estadounidenses cada día de muchas maneras positivas. Bajo la administración Biden-Harris, el USDA está transformando el sistema alimentario de Estados Unidos con un mayor enfoque en la producción de alimentos locales y regionales más resilientes, mercados más 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 prácticas forestales climáticamente inteligentes, haciendo inversiones históricas en infraestructura y fuentes de energía limpia en las zonas rurales de Estados Unidos, y comprometiéndose con la equidad en todo el Departamento mediante la eliminación de barreras sistémicas y la construcción de una fuerza de trabajo más representativa de Estados Unidos. Para más información, visite usda.gov.
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