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End Sugar Subsidies

Via Mark Perry, this chart shows the impact of U.S. sugar policy on the price of refined sugar.

Perry explains the chart here.

New on The Corner. . .


COMMENTS   3

EXPAND  

lee g
   10/20/11 16:56

That link points out the asininity of protecting less than 5,000 jobs in the US sugar industry even as it costs (or at least impacts) very, very many other jobs. Kraft moved its Life Saver production to Canada; other confectioners (Brach's, Ferrara Pan) have moved to Canada or Mexico where the world price of sugar was lower than the artificially high (artificially sweetened?) price maintained in the US. It's idiotic. End those tariffs now. Why should sugar producers get a break while injuring sugar consumers (confectioners, brewers, soda bottlers, bakers) ?

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Grag
   10/20/11 17:23

While I agree with the idiocy of sugar subsidies, I was under the impression that the *real* point of the sugar subsidy was to help corn farmers rather than sugar farmers.

The high price of sugar in the United States ensures that sweet goods are made with corn syrup -- to the detriment of their taste and their consumers' health, but to the benefit of the many, many corn farmers out there.

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   10/20/11 18:03

Don't let Michelle hear that you're advocating a decrease in the cost of sugar!

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