The Government Accountability Office released a report Oct. 31 finding that current Agriculture Department restrictions on imports of sugar are both a boon to producers and a burden to consumers.
While the current sugar program benefits sugar producers, it yields net costs to the US economy of nearly $1 billion annually, the report found.
“The U.S. sugar program creates net costs to the economy, because higher sugar prices created by the program cost consumers more than producers benefit, according to research GAO reviewed,” per the report.
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