8-14 FB Sugar Subsidies

 How much money is coming out of your pocket in order to subsidize that teaspoonful of sugar you put in your coffee? American Sugar Alliance Director of Economics and Policy Analysis Jack Roney joined other trade and policy experts at the 29th Annual International Sweetener Symposium sponsored by the American Sugar Alliance in Coeur D’Alene, Idaho. Roney explains how U.S. sugar policy operates and what makes it so unique but let me give you a sneak peek to pique your interest... sugar farmers don’t get subsidies. “The American sugar farmers are not subsidized at all by the government. We receive absolutely no payments and we never have. We are proud of the fact that U.S. sugar policy operates at no cost to the US treasury. It has for the last 10 years and the USDA projects that it will remain no cost for the next 10 years. It is a supply–management program where we balance supply and demand and we maintain a stable price at just about the farmers break even levels and we are able to sustain a program that operates at absolutely no cost to the taxpayers.”