Political Quotes

Mark Neumann: “It is a program in which the United States Government controls the amount of peanuts that can be produced in the United…”

On the recordJuly 24, 1997
It is a program in which the United States Government controls the amount of peanuts that can be produced in the United States under a system called a quota system. By limiting the amount of peanuts that are available for sale in the United States of America, a very interesting thing happens and it is not unexpected; by controlling the availability of peanuts that limits the supply, naturally with a limited supply the price of peanuts goes up. And the fact is when a hardworking family walks into a store to buy a jar of peanut butter, they literally wind up paying 30 cents a jar extra for no other reason than that the U.S. Government is in the middle of the program. In the world market, peanuts sell for $350 a ton, but because the U.S. Government is involved in this quota system, peanuts in the United States of America sell for $650 a ton, almost double the world price on peanuts.
Said by
Mark Neumann
Wisconsin
Source
govinfo.gov

Editor's note · Context

Discussing the impact of the U.S. government's peanut quota system on prices for consumers.

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