Sugar Price Support Program

Business / Agriculture / Sugar Price Support Program: The federal program that maintains a minimum price for sugar. The new program covers the 1996-2002 crops of sugar beets and sugarcane. Under the FAIR Act of 1996, sugar processors benefit from a price guarantee only when nonrecourse loan policy is in effect (i.e., USDA projects that fiscal year imports of sugar will be equal to or greater than 1.5 million short tons). Should projected imports be below 1.5 million short tons, only recourse loans will be available to processors (i.e., no price guarantee exists). Loan rates are frozen through FY2003 at 18 cents/lb. For raw cane sugar, and 22.9 cents/lb. For refined beet sugar. Processors benefit, though, from a slightly higher level of price support accomplished by USDA administering an import quota in such a way that market prices are kept above loan forfeiture levels. Should a processor forfeit on a nonrecourse loan if market prices fall below his forfeiture level, a forfeiture penalty is imposed (i.e., 1 cent/lb. For raw cane sugar, 1.072 cents/lb. For beet sugar). Should this occur, the price guarantee level would be lower than a processor received in the past. The FAIR Act of 1996 repealed both the program’s no cost requirement (in effect since FY1986) and standby authority (in effect during FY1992-1996) to impose marketing allotments under certain conditions.

Other Words for Price

Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence

Other Words for Program

Program Verb Synonyms: performance, production, show, presentation, (radio or television) play, telecast, broadcast, recital, concert
Program Noun Synonyms: schedule, plan, scheme, agenda, order of the day, routine, protocol, slate, list, listing, description, outline, abstract, , calendar, menu, bill of fare, curriculum, syllabus, synopsis, summary, prospectus

Other Words for Support

Support Noun Synonyms: tolerate, bear, stand (for), suffer, submit to, undergo, brook, stomach, endure, abide, countenance, face, stick, put up with
Support Verb Synonyms: back (up), stand by, help, bolster, uphold, brace, strengthen, fortify, buttress, prop (up), shore up, reinforce, boost, champion, assist, take up the cudgels for, aid, promote, forward, second, advance, advocate, stand up for, be supportive (of or in), C

Price Support

Business / Agriculture / Price Support: Programs operated by USDA that are intended to raise farm prices when supply exceeds demand and prices are unacceptably low. Support usually is achieved through nonrecourse loans, payments, and purcha MORE

Price Spread

Business / Finance / Price Spread: An options strategy that involves buying and selling two options on the same security with the same expiration month, but with different exercise prices. MORE

Price Risk

Business / Finance / Price Risk: The risk that the value of a security (or a portfolio) will decline in the future. Or, a type of mortgage pipeline risk created in the production segment when loan terms are set for the borrower in ad MORE