U.S. industry making sugar faster than we can eat it

  • Article by: MARVIN G. PEREZ , Bloomberg News
  • Updated: January 24, 2013 - 10:54 PM
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slericksJan. 25, 13 8:35 AM

Government support payments might seem to make sense in the short term, but are counter productive in the long term. If sugar beet farmers were not protected by these payments a number of them would be thinking about planting alternative crops. The choice they would make would be the crop that they expected to provide the best economic return; corn for an example. An increase in corn production would put downward pressure in corn prices. The resulting decrease in sugar beet production would put upward pressure in beet prices. The free market will work to everyones best interest if we stop interfering with misguided government subsidies that we can't afford.

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rlwr51Jan. 25, 13 5:23 PM

Just what American's need - more sugar.

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