Rolnictwo i rynki · 12/09/2001

Sugar Payment-In-Kind (PIK) Diversion Program

This notice implements section 1009(e) of the Food Security Act of 1985 with respect to existing Commodity Credit Corporation (CCC) inventories of sugar. Based on the combination of relatively low market prices, CCC holding sugar inventory with no other specific disposal plan, and U.S. sugar producers' growing realization of the major market problems facing the sugar sector, CCC is implementing a Sugar Payment- In-Kind (PIK) Diversion Program to help reduce CCC's sugar inventory and related storage costs.