(Alexandria, Virginia) — As a long-time free-market advocate, 60 Plus Association joined other prominent groups this week in calling for an end to the global subsidies that are wreaking havoc on the world sugar market.

In a letter to Congress, the 60 Plus Association, American Conservative Union and others stated:

More than 100 countries produce sugar and more than 100 countries subsidize its production, which exposes grocery shoppers and food makers to extreme price volatility.  Free-market reform is needed to bring more certainty and stability to the marketplace for consumers.

The food supply for seniors must not be held hostage to foreign countries that want to manipulate the market.  Brazil, for example, has used subsidies to capture 50% of global sugar exports and now sets prices OPEC-style.

The solution lies in a new bill by Congressman Ted Yoho (R-FL).  His “zero-for-zero sugar policy” would instruct U.S. trade negotiators to actively target foreign subsidies for elimination and would promise elimination of U.S. tariffs in return – a win-win for America’s seniors.

To read the full Yoho resolution click here.

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