WASHINGTON Nov 1 Price support loans on 2013
U.S. crops are available again, the Agriculture Department said
on Friday, after a one-month hiatus needed to partially satisfy
automatic budget cuts.
USDA said the loan amounts disbursed to producers would be
reduced by 5.1 percent, also due to the budget cuts. The
underlying support prices for crops in the farm program are
"We must comply with the laws established by Congress in
accordance with (budget) sequestration policy," said
administrator Juan Garcia of USDA's Farm Service Agency in a
statement. "We regret the delay this has created in USDA issuing
marketing assistance loans because we know how critical the
loans are to farmers' cash flows at this time of year."
USDA announced the suspension and modification of the loan
program on Sept. 30, hours before the start of the 17-day