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2014-01-16

No actions as yet re Feedstock Flexibility

Contributed

Agriculture Secretary Tom Vilsack announced today that USDA does not expect to take any actions under the Feedstock Flexibility Program (FFP) in the first calendar quarter of 2014.
This announcement is required quarterly by the 2008 Farm Bill and determined based on crop and consumption forecasts.
The December 2013 World Agricultural Supply and Demand Estimates report - http://www.usda.gov/oce/commodity/wasde/latest.pdf - projects a level of US FY 2014 ending sugar stocks that is unlikely to lead to forfeitures under the CCC sugar loan program. USDA may activate the FFP if sugar loan program forfeitures are expected.
USDA closely monitors US sugar stocks, consumption, imports and other sugar market variables. The department will reconsider action under the FFP prior to April 1.