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Much needed reform to sugar program reintroduced
2015-02-16 09:03:07| Sugar Industry News
Due in large part to the high price of sugar, U.S. sugar-using companies continue to move offshore or go out of business altogether. It has long been known by the sugar-using industries that 130,000 jobs have been lost in due to the U. S. Sugar Program passed in the 2008 Farm Bill. In 2012 the Senate Agriculture Committee approved in its farm bill to reauthorized the current sugar program without any change through crop year 2017 and therefore forced U. S. sugar-using industries to continue to pay 50 percent above the world price for sugar. Over and over throughout the following years many sugar-using industries have pleaded for reform; over and over amendments have been offered only to be tabled or voted down. Even though our U. S. Sugar Program has led to a nearly $300 million bailout of the sugar industry in 2013 when our government was forced to buy hundreds of thousands of tons of sugar to protect sugar processors from default who borrowed taxpayer dollars under the current price-support program.
Tags: program
needed
reform
sugar
Category:Chemicals