Key Elements of U.S. Sugar Policy in the 2008 Farm Bill
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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. |
Audio & Video
Factors Driving the Sugar Market: Jack Roney of the American Sugar Alliance on the commodity's banner year last year and where prices are headed.
American Crystal Sugar Company is a world-class agricultural cooperative specializing in the production of sugar and related agri-products.