Home Much needed reform to sugar program reintroduced
 

Keywords :   


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

Latest from this category

All news

05.11BASF Opens New Production Line in Heerenveen, the Netherlands
05.11Registration Now Open for RadTech 2025
05.11Teknos Poland Honored by Farby i Lakiery
05.11Durable Floor Coating from HMG Paints Transforms FC United\'s SMRE Bar
04.11Registration Open for 2025 Waterborne Symposium
04.11ROSS Ribbon Blenders Provide Safe, Efficient Bulk Blending
04.11U.S. Green Building Council Announces 2024 Leadership Award Recipients
04.11ASTM International Publishes New Standards for FT4 Powder Rheometer Procedures
Chemicals »
06.11Stocks and dollar rise as US election result in focus
06.11Hurricane Rafael Update Statement
06.11Summary for Hurricane Rafael (AT3/AL182024)
06.11Warning millions will struggle to pay water bill rises
06.11Atlantic Tropical Weather Outlook
06.11Tropical Storm Rafael Graphics
06.11Tropical Storm Rafael Public Advisory Number 9A
06.11Summary for Tropical Storm Rafael (AT3/AL182024)
More »