On the recordMay 22, 2000
I noticed in the Washington Post this morning an editorial I wanted to comment on briefly. Those noted experts on agriculture and the farm program who write editorials for the Washington Post have written an editorial today entitled ``A Deal Too Sweet'' about the sugar program. I can just see them sitting out there in their Big Ben coveralls dumping sugar into their coffee, cogitating about America's sugar program and America's farm program. I want to suggest to them to look in a different direction. They see a program in this country where sugar prices are kept far too high, in their judgment. They believe the market for sugar would produce prices at just a fraction of what the sugar program currently provides sugar producers. I fear the Washington Post just does not understand the sugar program or the market. Most sugar in this world is traded contract to contract between countries. Very little is traded in the open market. What is traded in the open market is the surplus or the dumped sugar. This dumped sugar is traded at very low prices, but that does not reflect the cost of sugar that is traded between countries. For a number of reasons, the sugar program is not working as well as it had in the past. For a long period of time the sugar program provided both stable prices for consumers and also stable income, or stable support for sugar producers. Is this a worthwhile goal? I think it is.
Source
govinfo.gov




