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. This is by design, as our sugar policy is based on loans that must be repaid with interest. Not subsidy checks handed out to sugar farmers and producers, as some critics might mislead people into believing.
Only once in the past 15 years has sugar policy incurred a government cost. Mexico violated our trade law in 2013 and dumped subsidized sugar, requiring the USDA to take action to keep the domestic sugar market from collapsing.
But don’t just take our word on the positive benefits of our federal sugar policy.
Congress reaffirmed the importance of a strong sugar policy with the passage of a bipartisan Farm Bill in December 2018. And sugar farmers recently visited Capitol Hill to thank lawmakers and continue to share the importance of sugar policy to both urban and rural communities across the country.
Not to mention, federal sugar policy ensures that manufacturers and consumers alike have access to an affordable supply of high-quality American sugar. U.S. food manufacturers pay 25% less for sugar than companies in other developed countries, and U.S. grocery shoppers pay 22% less than the rest of the developed world.
That means keeping a strong sugar policy in place benefits taxpayers, consumers and our sugar producers. All for $0.
Don’t let anyone fool you – U.S. sugar policy remains a no-cost success story.