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TheU.S. Sugar program is the federalcommodity support program that maintains aminimum price forsugar, authorized by the2002 farm bill (P.L. 107–171, Sec. 1401–1403) to cover the 2002-2007 crops ofsugar beets andsugarcane.
Originally designed to protect the incomes of thesugar industry-growers of sugarcane and sugar beets, and firms that process each crop into sugar - the program now prevents them from competing with producers of corn syrup sweetener. It supports domestic sugar prices by:
Import restrictions are intended to meet U.S. commitments under theNorth American Free Trade Agreement (NAFTA) andUruguay Round Agreement on Agriculture. Processor and refiner marketing allotments are set by USDA according to statutory requirements. Marketing allotments and new payment-in-kind authority are designed to help the USDA meet the no-cost-requirements to the federal government by avoiding the forfeiture of sugar put under loan. Other parts of the new program can include a storage loan program for sugar processors, and reduced (by 1%) the USDA interest rate charged on sugar loans.
This article incorporatespublic domain material fromJasper Womach.Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition(PDF).Congressional Research Service.Sugar as food commodity | |||||||||
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