date:Jan 28, 2013
sugar to the USDA. The most ever acquired by the government through the program was 764,000 tons in 2001.
Processors pledged 1.83 million tons as collateral for $775.3 million of loans, equal to 20 percent of the crop. A drop below the USDA's target price would put a large portion at risk, said Barbara Fecso, a USDA dairy and sweeteners analyst in Washington. She declined to predict how much the government may end up owning. Buying surplus sugar would add to a budget deficit that the Treasury e