Our View: Beware of Anti-Farm, Socialist Rhetoric
How does the bill “modernize” sugar policy? It mandates that the U.S. Department of Agriculture invite heavily subsidized foreign imports into the U.S., artificially depressing farmer prices and rewarding bad actors abroad. Worse yet, the bill denies sugar producers the basic non-recourse loans available to other commodities, meaning failure to repay would result not just in the loss of crops pledged as collateral but in total bankruptcy.