ECONOMIC SURPLUSES IN THE U.S. SUGAR MARKET

Rigoberto Lopez

Northeastern Journal of Agricultural and Resource Economics, 1990, vol. 19, issue 01, 9

Abstract: The objective of this article is to estimate historical economic surpluses for the subsectors involved in the U.S. sugar market. Annual producer and consumer surpluses were computed based on a five-equation model and 1958-87 data. In the last decade, the welfare position of cane- and beet-sugar producers has been roughly maintained, the domestic consumer surplus and the export quasi-rents to foreign countries have both declined, and quasi-rents of the corn-sweetener industry now surpass those that accrue to the cane industry and are about the same as those of the beet-sugar industry. Some policy implications are discussed.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nejare:28970

DOI: 10.22004/ag.econ.28970

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