Eye on Miami: January 28, 2017. Written by Gimleteye.
Bloomberg writes, "With talk of border tariffs, it’s worth considering who ends up paying for protectionism. The U.S. sugar industry enjoys quotas limiting imports from countries including Mexico. Raw-sugar futures that serve the needs of U.S. producers closed Friday in New York at 29.1 cents per pound, 43 percent higher than the futures used by the rest of the global industry."
Actually, Floridians end up paying for federal protectionism of Big Sugar in other ways: trillion dollar health care costs due to overconsumption of sugar, higher food prices, wrecked coastal estuaries and dying Everglades, plus cratered small businesses and real estate values on Florida's coasts due to unremitting pollution from Lake Okeechobee.
Continue reading "This is how much Americans pay for sugar protectionism"