Subsidies: Sugar Edition

For decades, sugar beet and sugar cane farmers and processors have been the beneficiaries of a sugar program that stealthily drives up sugar costs—and, consequently, the cost of that heart-shaped box of chocolates (see chart above of U.S. sugar prices vs. world prices). Over the past 30 years, the annual burden on U.S. consumers has averaged over $3 billion in higher food prices.

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