WASHINGTON, D.C. (RFD-TV) — USDA is facing questions about its use of Commodity Credit Corporation funds for diesel relief.
USDA Undersecretary Richard Fordyce says the agency is carefully managing the account to ensure funding remains available for other needs.
“We manage the CCC, I think, very responsibly. We will always leave a little bit of a buffer there, not knowing what might need to be pulled out of CCC. I think some of our standing disaster programs, either a natural disaster or something else, could influence additional draws off of CCC. We’re pretty comfortable with that cushion that we have left in the Commodity Credit Corporation.”
The Energy Department also announced plans this week to spend $150 million expanding domestic oil production, refinery capacity and fuel storage, with the goal of increasing diesel and gasoline supplies by millions of gallons per day.
