Washington Examiner: Written by Yael Ossowski. February 6, 2018.
For far too long, domestic producers of sugar have gotten a sweet deal from the federal government.
Thanks to the U.S. sugar program, sugar beet and sugar cane farmers have had the advantage of minimum prices, cheap loans, and tariffs to keep out competitors — all at taxpayer expense.
Tariffs on sugar were some of the first trade regulations introduced by Congress back in 1789. They have existed in some form or another ever since, and were most recently revamped by the 2014 Farm Bill.
Empowered by this law, the Department of Agriculture sets prices on sugar, limits the amount that can be sold, and sells excessive supply at pre-determined prices to ethanol producers to use as fuel. All the while, they offer loans to domestic producers to prop up the price of sugar.
Continue reading "Sugar subsidies are anything but sweet"