Editorial: 2023 Farm Bill must say no to Soviet-style subsidy program

From the Editorial Board: The best sugar program for the U.S. would be no sugar program at all.

Opinion content—editorials, columns and guest commentaries—is created independent of news reporting and is exclusive to subscribers.Mechanical harvesters harvest sugar cane in the fields in Clewiston, Florida, in 2014. A U.S. government farm-subsidy program in effect since the 1930s blocks cheaper imports.

But change will only happen over the objections of politicians who’ve taken six-figure campaign contributions from Big Sugar. So have many other politicians on both sides of the aisle.For decades, the sugar lobby has splashed out megabuck donations to perpetuate its government-sponsored rip-off. In the process, it has undermined Chicago’s longtime role as a candy-making hub by pushing production abroad.

This system is a tour de force of anticompetitive corporate welfare and the fact that it’s still being used to stiff consumers shows the power of single-minded lobbying. Consumers would benefit from letting a freer market prevail, and the industry would get more competitive, as it did in Australia, which ended sugar subsidies years ago and still produces huge quantities at world-market prices.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

chicagotribune /  🏆 8. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

2023 Memorial Tournament: Viktor Hovland wins 2023 MemorialFollow along for live updates from the final round of the 2023 Memorial Tournament.
Les mer »

LoveLoud Festival is coming back and hitting the road in 2023The LoveLoud Foundation and Vivint Arena (soon-to-be renamed the Delta Center) announced that the fifth edition of the festival will be held Friday, Nov. 3.
Les mer »

‘Spider-Man: Across the Spider-Verse’ Delivers Biggest Box Office Opening Day of 2023The animated superhero sequel was initially looking at an $80 million debut, but projections have now been increased to $120 million.
Les mer »

Here's How to Watch Panthers-Golden Knights in 2023 Stanley Cup FinalThe Florida Panthers meet the Vegas Golden Knights in the 2023 Stanley Cup Final. Here’s how to watch the showdown, the series schedule and more.
Les mer »

2023 Conn Smythe Award odds: Stanley Cup Finals picks, predictionsHere’s how to bet the Conn Smythe Award winner ahead of the Stanley Cup Final.
Les mer »