BLOOMBERG NEWS: Hershey, Environmentalists Push to End Sugar Subsidies

Bloomberg: Written Adam Allington. March 30, 2018.

With Easter on the horizon, consumers are rushing out to buy their last-minute chocolate bunnies, jelly beans, and marshmallow Peeps.

What they probably don’t know is they’re paying a secret tax for these products, thanks to a Depression-era program of sugar supports and subsidies.

“We believe leaving these subsidies in place causes more job risk to the U.S. economy than removing them,” said Jeff Beckman, a spokesman for the Hershey Co., based in Hershey, Pa.

Beckman points to Agriculture Census data that show roughly 4,500 jobs created through sugar beet and cane farms, plus an additional 18,000 jobs in the sugar processing industry. Compare that, he said, to the 600,000 jobs in the food and baking sector, which are harmed by the subsidies.

Continue reading "Hershey, Environmentalists Push to End Sugar Subsidies"

Be the first to comment

Please check your e-mail for a link to activate your account.

connect

get updates