Department of Agriculture, Commodity Credit Corporation: Sugar Program
GAO-09-891R: Jul 21, 2009
- Full Report:
GAO reviewed the Department of Agriculture, Commodity Credit Corporation's (CCC) new rule on the Sugart Program. GAO found that (1) the final rule implements provisions of the Food, Conservation, and Energy Act of 2008 (2008 Farm Bill) administering the sugar loan and sugar marketing allotment program through 2012. The 2008 Farm Bill generally extends the existing sugar program with some changes, including new loan rates for raw cane sugar and beet sugar, new provisions to guarantee domestic suppliers an 85 percent market share, and revised procedures for granting new allocations for new entrants; and (2) except for the failure to file the rule with our Office, CCC complied with the applicable requirements in promulgating the rule.