The U.S. Department of Agriculture’s (USDA) Commodity Credit Corporation (CCC) recently announced loan rates for the 2014 sugar crop and 2015 domestic sugar program provisions.
According to a USDA release, Texas’ 2014-crop (FY 2015) rate in cents per pound of cane sugar, raw value is 18.49. The 2014-crop national average loan rate is 18.75 cents per pound for raw cane sugar and 24.09 cents per pound for refined beet sugar, the same as last year. These national loan rates are adjusted regionally to reflect marketing cost differentials.
Sugar and in-process sugar loans are available Oct. 1 for the 2014 crop.
The CCC has not modified the fiscal year 2015 raw sugar loan schedule of premiums and discounts because the raw cane sugar loan rate has not changed. These schedules can be found in the Farm Service Agency (FSA) handbook 10-SU, available at http://go.usa.gov/dTZ9, or at a local FSA office.