UF/IFAS Study: Trade Agreements Could Devastate Florida Sugar Producers

October 8, 2004
Topic(s): Uncategorized

Source:
Andrew Schmitz aschmitz@ifas.ufl.edu, 352-392-1845 ext. 415

GAINESVILLE, Fla.—Pending trade agreements with foreign countries could cost Florida sugar producers hundreds of millions of dollars and cause many to go out of business, according to an economic study released today by the University of Florida’s Institute of Food and Agricultural Sciences (UF/IFAS).

The study, conducted with the Morrison School of Agribusiness at Arizona State University, examined the economic impact of increased sugar imports on Florida’s sugar producers and the nation’s sugar industry. The published findings indicate that a small increase in the level of sugar imports will cause significant damage to U.S. Sugar producers. (more…)