USDA Sugar-Loan Risk Growing as Domestic Glut Spurs Forfeitures

USDA Sugar-Loan Risk Growing as Domestic Glut Spurs Forfeitures

Jim Stem/Bloomberg

Borrowers repaid loans from the USDA’s Commodity Credit Corp. with sugar rather than cash after the price of the sweetener dropped more than 30 percent from a year ago and below the government’s minimum support price, Kent E. Politsch, a department spokesman, said today in an e-mailed statement.