Monday, July 22, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, January 14, 2015
You're Paying Double for Sugar
By NCPA @ 1:37 PM :: 5517 Views :: Agriculture, Cost of Living

You're Paying Double for Sugar

NCPA January 14, 2015

American sugar prices would be a lot lower if the government would stop interfering in the sugar market. For years, sugar cane and sugar beet farmers in the United States have benefited from a government policy that protects domestic sugar producers and keeps prices high. In the latest edition of Reason Magazine, Greg Beato explains:

  • The government guarantees minimum prices for sugar, regardless of market operations.
  • Eighty-five percent of the sugar market in the United States is reserved for domestic sugar producers.
  • Foreign sugar producers are subject to tariffs and quotas when they export sugar to the United States.

What does this mean for consumers? Higher prices.

  • A government estimate from 1993 concluded that American consumers were losing $1.4 billion annually due to high domestic sugar prices.
  • A 2012 analysis by economist Mark Perry found that American sugar policy cost consumers $3 billion annually.

According to Perry, Americans -- individuals as well as businesses that rely on sugar -- have been paying double the global sugar price since 1982.

If Americans are hurt by these policies, why keep them? Beato says people should take a look at campaign contributions, as lobbying efforts from sugar farmers far outweigh the value of sugar. Of all American crop production, sugar is responsible for just 2 percent of its value. But sugar farmers? They're responsible for 35 percent of campaign contributions from the crop industry, and they're responsible for 40 percent of lobbying expenditures from the crop industry.

Source: Greg Beato, "Big Sugar Leaves a Bitter Aftertaste," Reason Magazine, February 2015.


TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii