Originally posted by: dullard
Originally posted by: Mike Gayner
WTF? American soft drinks are made with corn syrup? Why do American companies always insist on using the worst possible ingredients for any given task?
The US has a minimum sugar price law. It basically tripples the price of sugar. It puts sugar prices so high that it is often cheaper to buy candy/tea from other countries and break it down into sugar than to outright buy sugar.
The result? Places that use lots of sugar switched to high fructose corn syrup.
Americans pay big time (with their wallets and with their taste buds) to save a few American sugar farmer's jobs. In my economics books the number was a cost to American's of $800,000 per saved job and that was 10 years ago, it is probably well over a million per job for this. Note: this is the cost, not the profit, the sugar farmer's profit is quite small because farming sugar cane in the US is not a smart move due to the climate and soil.
As you can tell, I'd rather pay off the sugar farmers, say $200k/year to not farm, and end this silly law.