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The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the [[Commodity Credit Corporation]] is more profitable than selling the sugar. In practice, [[USDA]] has calculated the loan forfeiture level to be equal to the loan rate, plus transportation costs to a refinery (applicable only for raw cane sugar) plus interest expenses on a [[nonrecourse loan]] minus a sugar loan [[forfeiture penalty]].  
 
The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the [[Commodity Credit Corporation]] is more profitable than selling the sugar. In practice, [[USDA]] has calculated the loan forfeiture level to be equal to the loan rate, plus transportation costs to a refinery (applicable only for raw cane sugar) plus interest expenses on a [[nonrecourse loan]] minus a sugar loan [[forfeiture penalty]].  
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[[Category: Agriculture]]
 
[[Category: Agriculture]]

Latest revision as of 13:29, 23 October 2019

The lowest market price that a processor must receive before concluding that forfeiting pledged sugar to the Commodity Credit Corporation is more profitable than selling the sugar. In practice, USDA has calculated the loan forfeiture level to be equal to the loan rate, plus transportation costs to a refinery (applicable only for raw cane sugar) plus interest expenses on a nonrecourse loan minus a sugar loan forfeiture penalty.

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