Commodity Credit Corporation storage payments

7 U.S.C. § 7287
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) In generalFor the 2025 crop year and each subsequent crop year, the Commodity Credit Corporation shall establish rates for the storage of forfeited sugar in an amount that is not less than—(1) in the case of refined sugar, 34 cents per hundredweight per month; and (2) in the case of raw cane sugar, 27 cents per hundredweight per month. (b) Prior crop yearsFor each of the 2012 through 2024 crop years, the Commodity Credit Corporation shall establish rates for the storage of forfeited sugar in the same manner as was used on the day before the date of enactment of this section.

Starting a business? Corpus forms LLCs in all 50 states and DC.