The sugar lobby’s sweet contributions and their
day-in-day-out lobbying means broad bipartisan support for continuing the U.S.
sugar program in the 2013 farm bill, as The Washington Post noted in a wide-ranging article December 7. Sugar policy,
consisting of price supports, restraints on domestic supply, and import
controls, benefits mainly a small number of rich sugar producers at the expense
of consumers and taxpayers, according to the article.
Historically, the program has resulted in domestic sugar
prices substantially higher than the world price. Besides those sweet deals,
the government also buys back sugar producers’ surplus so they don’t have to
pay back federal loans. Then the U.S. Department of Agriculture sells that
sugar to ethanol producers at a loss. Historically,
the program has resulted in domestic sugar prices substantially higher than the
world price. Besides those sweet deals, the government also buys back sugar
producers’ surplus so they don’t have to pay back federal loans. Then the U.S.
Department of Agriculture sells that sugar to ethanol producers at a loss.
Numerous attempts have been made to rein in this egregious program, but the sugar industry’s intense and consistent lobbying and the huge contributions they make on both sides of the aisle almost guarantee them the program’s continuation.…..To Read More……
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