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The U.S. Sugar program is the federal commodity support program that maintains a minimum price for sugar, authorized by the 2002 farm bill (P.L. 107–171, Sec. 1401–1403) to cover the 2002-2007 crops of sugar beets and sugarcane.
The United States Department of Agriculture administers a program to ensure a price floor for sugarcane and sugar beet producers by limiting the amount of sugar that can be produced. It does this using: [9] Loans to producers for price support; Limits on the amount of sugar each producer can sell; An import quota on foreign-made sugar
U.S. Sugar Corporation is a privately owned agricultural business based in Clewiston, Florida. [3] The company farms over 230,000 acres of land in the counties of Hendry , Glades , Martin , and Palm Beach .
Thailand reversed a hike in sugar prices within days, imposing price controls for the first time since 2018. Anantasuk said this would discourage farmers from growing sugar by capping their income.
The US sugar system is complex, using price supports, domestic marketing allotments, and tariff-rate quotas. [4] It directly supports sugar processors rather than farmers growing sugar crops. [ 4 ] [ 3 ] The US government also uses tariffs to keep the US domestic price of sugar 64% to 92% higher than the world market price, costing American ...
By 1931, sugar prices had fallen from a pre-Depression level of 7 cents per pound to just one and one half cents per pound. [1] The US market for sugar was the largest in the world, consuming some 6,000,000 tons per year. [2] Of this, the US sugar industry supplied only about a third, while the rest consisted of foreign imports.
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The United Kingdom Beetroot Sugar Association was established in 1832 but efforts to establish sugar beet in the UK were not very successful. Sugar beets provided approximately 2/3 of world sugar production in 1899. 46% of British sugar came from Germany and Austria. Sugar prices in Britain collapsed towards the end of the 19th century.