USDA accepts sugar payments for loans, more due in Sept.

The U.S. Department of Agriculture accepted 85,000 short tons of sugar last month as payment for $34.5 million in loans to sugar processors that borrowed money through the USDA’s Commodity Credit Corp. The USDA allows processors to repay loans with sugar if prices fall below the government’s minimum support price, so more sugar payments may also be made at the end of September when $306.7 million in loans are due, industry experts say.

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