Sweets for the sweet? Get your extra costly candies for Valentine's Day

Candy by Shutterstock

Article Highlights

  • Chocolate for your sweetie is more expensive because of federal government farm policies #HappyValentinesDay

    Tweet This

  • Sugar is scarcely an essential tool for a viable agricultural sector. So why are the feds interfering? #HappyValentinesDay

    Tweet This

  • Lovers will pay more for the privilege of buying a box of candy because of government quotas #HappyValentinesDay

    Tweet This

Sweets for the Sweet: The Costly Benefits of the US Sugar Program

Download PDF

Times change and not everything remains the same. 

Would that were true about the U.S. sugar program.  Valentine’s Day is here again and every lover who buys his or her significant other a box of candy will pay just a little bit more for the privilege because of sugar quotas that generally guarantee sugar cane and beet producers and sugar processors higher returns than they would obtain if they faced genuine competition from the global market.  

 

The U.S. sugar program raises food prices on supermarket shelves and reduces the ability of U.S. food processors to compete in world markets.  The program costs the U.S. economy thousands of manufacturing jobs and, in a world of record prices for other major crops like corn and wheat, is scarcely an essential tool for maintaining a viable U.S. agricultural sector.  

As Professor Michael Wohlgenant and I argued last year, it is well past time for the program to be disestablished.

 

 

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Vincent H.
Smith

What's new on AEI

Four years of Dodd-Frank damage
image Dodd-Frank, financial institutions, and public opinion
image Time for an Anwar Sadat moment in the Middle East
image Freedom of the skies at risk
AEI on Facebook
Events Calendar
  • 21
    MON
  • 22
    TUE
  • 23
    WED
  • 24
    THU
  • 25
    FRI
Monday, July 21, 2014 | 9:15 a.m. – 11:30 a.m.
Closing the gaps in health outcomes: Alternative paths forward

Please join us for a broader exploration of targeted interventions that provide real promise for reducing health disparities, limiting or delaying the onset of chronic health conditions, and improving the performance of the US health care system.

Event Registration is Closed
Monday, July 21, 2014 | 4:00 p.m. – 5:30 p.m.
Comprehending comprehensive universities

Join us for a panel discussion that seeks to comprehend the comprehensives and to determine the role these schools play in the nation’s college completion agenda.

Event Registration is Closed
Tuesday, July 22, 2014 | 8:50 a.m. – 12:00 p.m.
Who governs the Internet? A conversation on securing the multistakeholder process

Please join AEI’s Center for Internet, Communications, and Technology Policy for a conference to address key steps we can take, as members of the global community, to maintain a free Internet.

Event Registration is Closed
Thursday, July 24, 2014 | 9:00 a.m. – 10:00 a.m.
Expanding opportunity in America: A conversation with House Budget Committee Chairman Paul Ryan

Please join us as House Budget Committee Chairman Paul Ryan (R-WI) unveils a new set of policy reforms aimed at reducing poverty and increasing upward mobility throughout America.

Thursday, July 24, 2014 | 6:00 p.m. – 7:15 p.m.
Is it time to end the Export-Import Bank?

We welcome you to join us at AEI as POLITICO’s Ben White moderates a lively debate between Tim Carney, one of the bank’s fiercest critics, and Tony Fratto, one of the agency’s staunchest defenders.

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.