USDA Soliciting Bids Under Feedstock Flexibility Program

The U.S. Department of Agriculture is inviting sugar processors to sell sugar to the Commodity Credit Corporation and bioenergy producers to buy sugar for bioenergy production under the Feedstock Flexibility Program (FFP). FFP requires the purchase of sugar as a feedstock for producing fuel-grade ethanol and other biofuels to avoid forfeiture of sugar pledged as collateral by processors when securing nonrecourse commodity loans from Commodity Credit Corporation. Federal law allows sugar processors to obtain loans from the CCC with maturities of up to nine months at the beginning of the crop year. Upon loan maturity, the sugar processor may repay the loan in full or forfeit the sugar used as collateral to the government to satisfy the loan. Learn more.

This entry was posted in News and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.