Wisconsin State Journal
Let’s count the winners and losers from the federal program that subsidizes sugar production.
Winners: The sugar industry.
Losers: Consumers, the economy, the environment, taxpayers and Caribbean nations.
Weigh the losers against the winners, and the conclusion is inescapable: Congress should make reform of the sugar program a top priority in a new farm bill.
The sugar program is a complex web of policies designed to prop up the domestic price of sugar and protect the U.S. sugar business from foreign competition, which is often also subsidized. The Department of Agriculture limits sugar imports, regulates the domestic marketing of sugar and provides loans to processors.
A handful of sugar processors and about 5,000 sugar cane and beet growers benefit by receiving artificially high prices for their products. But the costs are steep.
Read the full editorial here.