Key Elements of US Sugar Policy

ASA – American Sugar Alliance PRESS RELEASE
Key Elements of U.S. Sugar Policy in the 2008 Farm Bill

Jack Roney, Director of Economics and Policy Analysis speaks to the ISO

December 1, 2008 – With the enthusiastic support of U.S. sugar farmers, Congress overwhelmingly passed a Farm Bill in 2008 that will give American sugar producers a chance to survive. It provides USDA with an additional tool to manage excess supplies caused by imports – a standby sucrose-ethanol program that could also help reduce U.S. dependence on foreign oil, at minimal taxpayer cost. The Farm Bill also phases in over the next three years a 4% increase in the U.S. support price, the first such increase since 1985. The attached page provides the key elements of the new sugar policy.

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