NEWS
USDA Makes a Buy/Sell on Sugar
Fri Aug 30, 2013 03:14 PM CDT

NEW YORK (Dow Jones) -- The U.S. Department of Agriculture bought sugar from domestic processors and sold it to an ethanol producer at a 75% discount, the latest move by the agency to boost prices and stave off defaults on federal loans.

The USDA paid about $3.6 million for the sugar, according to a notice posted on its website Friday. The USDA is required by law to buy the sweetener and sell it to domestic ethanol producers if the agency believes U.S. sugar processors might default on their operating loans.

A U.S. ethanol producer paid $900,000 for the sugar, according ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
EPA Cuts '13 Cellulosic Biofuel Mandate
Ethanol Campaign Ramps Up
Cellulosic Advantage Disputed
Ethanol Blog
Ethanol Blog
Ethanol Blog
Ethanol Blog
Ethanol Blog
Ethanol Blog
Ethanol Blog