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Note to WSJ: Quotas Don’t Balance Supply and Demand

The Wall Street Journal’s Carolyn Cui, Bill Tomson and Ilan Brat reported on April 14th that the U.S. Department of Agriculture may loosen the sugar quota this year and allow more imports to come into the country. The article does highlight the economic effects of a quota reporting, “U.S. sugar farmers have successfully blocked efforts to significantly increase imports, assuring them of little price competition. Restrictions on imports have caused American users to pay much more than the rest of the world for sugar. That gap recently blew out to its widest in a decade. Mr. Vilsack’s … Continue Reading