NEWS
Thu Nov 14, 2013 02:45 PM CST

NEW YORK (Dow Jones) -- The federal government is taking the first step toward reducing its pile of sugar.

USDA plans to sell the sugar it received after domestic processors defaulted on government loans to U.S. ethanol makers, in an effort to recoup some of its losses on the program, according to an emailed announcement by the agency Thursday.

U.S. sugar processors forfeited 296,500 short tons of sugar to the government as collateral on unpaid debt due at the end of September.

Processors, which turn sugar cane and beets into granulated sweetener, can take out operating loans under a government ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
Ethanol Blog
DTN Daily Ethanol Comments
DTN Daily Ethanol Comments
Ethanol Blog
DTN Daily Ethanol Comments
DTN Daily Ethanol Comments
Ethanol Blog
Ethanol Blog
DTN Daily Ethanol Comments
DTN Daily Ethanol Comments