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Public Statements

Federal Agriculture Reform and Risk Management Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. YOHO. Madam Chair, I rise today against this job killing amendment. Madam Chair, for years people have rallied against our domestic sugar program because they felt it artificially increased prices here at home. Nothing could be further from the truth. Prices have dropped dramatically over the past year, with the culprit being an influx of sugar from foreign countries.

Worldwide agriculture is a distorted market due to foreign price and supply control programs, but sugar takes the cake as being the most distorted commodity in the world. Each year countries like Brazil and Mexico dump millions of tons onto export markets dropping the price of sugar below the cost of producing sugar. This is price manipulation at its worst. That is why I have joined with many of my colleagues in calling for a ``Zero-For-Zero'' policy that would reduce subsidies world wide. But until our trading partners agree with this policy, we should not place our farmers in direct competition with massive government controlled production by changing our already modest domestic program.

I urge my colleagues to vote for thousands of American jobs by defeating this amendment.

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