Big Sugar comes trick or treating
One of the lead editorials of the New York Times went after Big Sugar, which has its hands out waiting to grab even more goodies from Uncle Sam in this year’s farm bill.
Under the current system, the government guarantees a price floor for sugar and limits the sugar supply — placing quotas on domestic production and quotas and tariffs to limit imports. According to the Organization for Economic Cooperation and Development, sugar supports cost American consumers — who pay double the average world price — more than $1.5 billion a year. The system also bars farmers in some of the poorest countries of the world from selling their sugar here.
The North American Free Trade Agreement is about to topple this cozy arrangement. Next year, Mexican sugar will be allowed to enter the United States free of any quotas or duties, threatening a flood of imports. Rather than taking the opportunity to untangle the sugar program in this year’s farm bill, Congress has decided to bolster the old system.
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