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

Defeating ISIS: AEI experts weigh-in before the president’s address on Wednesday
image Degrading, defeating, and destroying the Islamic State
image Wealth Building Home Loan: Building wealth through homeownership and retirement savings
image The $3 iPhone
AEI on Facebook
Events Calendar
  • 15
    MON
  • 16
    TUE
  • 17
    WED
  • 18
    THU
  • 19
    FRI
Tuesday, September 16, 2014 | 5:00 p.m. – 6:00 p.m.
The Constitution as political theory

Please join us for the third-annual Walter Berns Constitution Day Lecture as James Ceasar, Harry F. Byrd Professor of Politics at the University of Virginia, explores some of the Constitution’s most significant contributions to political theory, focusing on themes that have been largely unexamined in current scholarship.

Wednesday, September 17, 2014 | 8:10 a.m. – Thursday, September 18, 2014 | 1:30 p.m.
Third international conference on housing risk: New risk measures and their applications

We invite you to join us for this year’s international conference on housing risk — cosponsored by the Collateral Risk Network and AEI International Center on Housing Risk — which will focus on new mortgage and collateral risk measures and their applications.

Event Registration is Closed
Thursday, September 18, 2014 | 2:15 p.m. – 3:00 p.m.
Speaker of the House John Boehner on resetting America’s economic foundation

Please join us as Speaker John Boehner (R-OH) delivers his five-point policy vision to reset America’s economy.

Event Registration is Closed
Friday, September 19, 2014 | 9:15 a.m. – 11:00 a.m.
Reforming Medicare: What does the public think?

Please join us as a panel of distinguished experts explore the implications of the report and the consumer role in shaping the future of Medicare.

Event Registration is Closed
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.