Farm Policy Facts debuted a new podcast called Groundwork yesterday, and two sugar farmers were the first guests on the show. John Snyder, of Wyoming, and Travis Medine, of Louisiana, discussed the importance of sugar farming in rural communities with Groundwork host Tom Sell.
As 2018 came to a close, the USDA published a report about the global sugar market. It noted that the world’s dominant sugar producer (and subsidizer) Brazil was decreasing production because of “unfavorable weather and more sugarcane being diverted towards ethanol,” where prices are stronger.
Today might be April Fool’s Day, but it’s no joke that federal sugar policy once again cost taxpayers $0 last year. Even better, the USDA predicts sugar policy will continue to operate at zero cost for the next 10 years. That means that federal sugar policy cost taxpayers absolutely nothing in 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2014, 2015, 2016, 2017 and 2018.