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US Sugar Policy Is Propping Up Modern-Day Plantations--FEE
Posted on 12/12/17 at 7:56 pm
Posted on 12/12/17 at 7:56 pm
quote:
For decades, domestic sugar producers have been protected from fair competition. In recent years, their influential lobby has ensured producers’ inflated profits through $260 million worth of federal subsidies and restrictions on fairly priced imported sugar. That’s why a bipartisan group of 64 senators and representatives as diverse as John McCain and Elizabeth Warren are co-sponsoring the Sugar Policy Modernization Act, which aims to introduce market reforms into the industry and bring our outdated, Depression-era sugar policy into the 21st century.
The US sugar program works to “enrich a handful of well-connected plantation owners.”
These modernizations are long overdue. These payments to special interests, on which the industry has long relied, will cost taxpayers $138 million over the next decade, according to a 2016 report by the Congressional Budget Office. Worse, these handouts rarely accrue to anyone but the industry’s largest and most well-connected players.
LINK
Posted on 12/12/17 at 8:05 pm to I B Freeman
Sounds like these Senators are looking for a payoff. If they get get it they keep their mouths shut and business as usual.
Posted on 12/12/17 at 8:10 pm to I B Freeman
This is why Louisiana Cane farmers need to get all over ethanol/biofuels. Sugar cane is infinitely better than corn for ethanol production (see Brazil).
Posted on 12/12/17 at 8:16 pm to I B Freeman
I grew up in sugar cane country and the big guys are getting away with murder.
Posted on 12/12/17 at 8:20 pm to I B Freeman
If you don't want to work on the plantation no more,hell you can just leave.
Posted on 12/12/17 at 8:21 pm to udtiger
quote:
This is why Louisiana Cane farmers need to get all over ethanol/biofuels. Sugar cane is infinitely better than corn for ethanol production (see Brazil).
!!!!!!
Posted on 12/12/17 at 8:28 pm to I B Freeman
And our idiotic corn policy reduces sugar demand in favor of HF corn syrup.
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