You are subscribed to FL - Press Releases for USDA Farm Service Agency.
This information has recently been updated, and is now available. Having trouble viewing this email? View it as a Web page. http://content.govdelivery.com/bulletins/gd/USFSA-f6288
August 18, 2011
U.S. Department of Agriculture, Florida Farm Service Agency
PO Box 141030
Gainesville, Florida 32614-1030
http://www.fsa.usda.gov/fl
USDA Announces Initial FY 2012 Sugar Marketing Allocations
WASHINGTON, August 18, 2011 - The U.S. Department of Agriculture's Commodity Credit Corporation (CCC) today announced the initial fiscal year 2012 overall sugar marketing allotment (OAQ) of 9,456,250 short tons, raw value (STRV). The OAQ is equal to 85 percent of the estimated human consumption for the crop year of 11,125,000 STRV as forecasted in the July 2011 World Agricultural Supply and Demand Estimates report (WASDE). Statute requires that a fixed portion of the OAQ be assigned to the beet sector and the cane sector. CCC distributed the FY 2012 beet sugar allotment of 5,139,472 STRV (54.35 percent of the OAQ) among the sugar beet processors and the cane sugar allotment of 4,316,778 STRV (45.65 percent of the OAQ) among the sugarcane processors.
CCC determined that farm level proportionate shares were not necessary in Louisiana, the only state eligible for proportionate shares, in FY 2012 because the cane sugar sector was not expected to fill its allotment.
Additionally, CCC determined that the Feedstock Flexibility Program (FFP) will not be implemented in FY 2012 based on forecast limited sugar supplies and prices significantly above the support level. The prospect for forfeitures of sugar loan collateral under CCC price support loans in FY 2012, which triggers FFP, was determined to be unlikely.
The initial FY 2012 sugar marketing state allotments and processor allocations are listed in the table below.
FY 2012 OVERALL BEET/CANE ALLOTMENTS AND ALLOCATIONS Distribution Initial FY2012 Allocations Beet Sugar 5,139,472 Cane Sugar 4,316,778 TOTAL OAQ 9,456,250 BEET PROCESSORS’ MARKETING ALLOCATIONS: Amalgamated Sugar Co. 1,100,400 American Crystal Sugar Co. 1,889,666 Michigan Sugar Co. 530,782 Minn-Dak Farmers Co-op. 356,931 So. Minn Beet Sugar Co-op. 693,665 Western Sugar Co. 524,994 Wyoming Sugar Growers, LLC 43,034 TOTAL BEET SUGAR 5,139,472 STATE CANE SUGAR ALLOTMENTS: Florida 2,148,906 Louisiana 1,662,420 Texas 186,808 Hawaii 318,644 TOTAL CANE SUGAR 4,316,778 CANE PROCESSORS’ MARKETING ALLOCATIONS: Florida Florida Crystals 884,761 Growers Co-op. of FL 386,557 U.S. Sugar Corp. 877,588 TOTAL 2,148,906 Louisiana Louisiana Sugar Cane Products, Inc. 1,154,105 M.A. Patout & Sons 508,315 TOTAL 1,662,420 Texas Rio Grande Valley 186,808 Hawaii Gay & Robinson, Inc. 73,145 Hawaiian Commercial & Sugar Company 245,499 TOTAL 318,644
 | Questions? Contact Us |
| STAY CONNECTED: | |||||||
 |  |  |  |  |  | ||
SUBSCRIBER SERVICES:
Manage Preferences | Delete Profile | Help
| This email was sent to ahmedalaa214.ahmed@blogger.com using GovDelivery, on behalf of: USDA Farm Service Agency · 1400 Independence Ave., S.W. · Washington, DC 20250 · 800-439-1420 |  |
No comments:
Post a Comment