NEWS
Thu Mar 14, 2013 04:39 PM CDT

NEW YORK (Dow Jones) -- Four U.S. senators sent a letter to the U.S. Secretary of Agriculture on Thursday requesting the agency provide details on loans made to domestic sugar processors.

The Wall Street Journal reported on Tuesday that the U.S. Department of Agriculture was considering buying 400,000 tons of sugar in order to boost prices to keep processors from defaulting on government loans. The sugar would then be sold to U.S. ethanol producers, likely at a loss of $80 million.

"We request that you explain and justify the potential $80 million cost to the American taxpayer that's been reported," ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Washington Insider--Wednesday
California Drought Challenges
Activists Targeting Biotech
Ag Policy Blog
Washington Insider - Tuesday
Ag Policy Blog
Washington Insider - Monday
Washington Insider
WOTUS Conflict Hits Boiling Point
Ag Policy Blog