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USDA Sugar Purchase Consistent with Previous Actions to Aid Distressed Farmers

May 11, 2000
 

The U.S. Department of Agriculture's decision to purchase domestic sugar in an effort to avoid costly loan forfeitures by sugar producers this summer is consistent with the Administration's policy of coming to the aid of farmers and ranchers in distress during the national farm crisis.

The following are some examples of USDA or White House announcements of farm assistance just in the past year:

March 1999 Largest wheat purchase ever, 1 million metric tons, $133.5 million 

April 1999 Another wheat purchase, 700,000 metric tons, $93.5 million 

July 1999 Purchase of another 475,000 tons of wheat, $63.4 million 

March 1999 Payments of $50 million to small hog operators 

March 1999 Assistance to dairy farmers suffering low prices, $200 million 

May 1999 USDA releases $2 billion in disaster assistance funds for farmers 

June 1999 USDA distributes $70 million in livestock assistance program 

July 1999 Vice President Gore announces $100 million for hog farmers 

Dec. 1999 USDA announces $328 million to assist tobacco farmers 

Jan. 2000 Sheep and lamb farmers receive $100 million from USDA 

Jan. 2000 USDA announces $125 million to aid dairy farmers hit by low prices 

Feb. 2000 Cotton farmers get $74 million from USDA to offset low prices 

Feb. 2000 Oilseed farmers get $475 million because of low prices 

March 2000 Livestock producers receive $190 million from USDA 

March 2000 USDA purchases 800,000 pounds of cheese for $1 million 

March 2000 USDA announces another $231 million for drought relief 

April 2000 Crop disaster program payments totaling $1.8 billion from USDA