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World sugar prices have hit 30 year highs recently.  But as the chart shows, US prices have always been higher.  Why?  Because the government pays sugar beet farmers a MINIMUM of 22 cents a pound for sugar.
This describes the repercussions: http://mjperry.blogspot.com/2010/02/few-days-ago-i-posted-about-tariffs.html

World sugar prices have hit 30 year highs recently.  But as the chart shows, US prices have always been higher.  Why?  Because the government pays sugar beet farmers a MINIMUM of 22 cents a pound for sugar.

This describes the repercussions: http://mjperry.blogspot.com/2010/02/few-days-ago-i-posted-about-tariffs.html

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