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Business

Senate amendment to limit sugar loans withdrawn

Senate amendment to limit sugar loans withdrawn
N&V Staff
July 20, 2015

Senate amendment to limit sugar loans

(Jerry Hagstrom, Grand Forks Herald) – WASHINGTON — Sen. Jeanne Shaheen, D-N.H., on July 17 presented an amendment to the Senate Appropriations Committee to alter the federal sugar program, but then withdrew it.

Shaheen did not release a copy of the amendment, but in the past, she and Sen. Mark Kirk, R-Ill, presented an amendment that would stop the U.S. Department of Agriculture from granting non-recourse loans to any processor whose gross revenue exceeded $300 million the previous year.

Shaheen and Kirk also have introduced legislation to lower the sugar support price.

A wide range of farm groups, including the American Farm Bureau Federation, the National Council of Farmer Cooperatives and the Farm Credit Council, wrote to the appropriators urging them to make no changes to the program.

To read the entire article, click here.

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July 20, 2015
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Senate amendment to limit sugar loans withdrawn