date:Sep 21, 2012
US sugar prices are still anywhere from 50-75% more than world prices.
Amendment to pare back program to pre-2008 regime
While ABA members would like to see the program scrapped completely, they accepted that a more realistic goal was an amendment that would pare back the program to how it operated before the passage of the 2008 farm bill, he said.
It would still maintain import restrictions and loan rate guarantees, but it would open the program up a bit and allow the USDA to better respond