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Do Corn Farmers Have Too Much Faith in the Sugar Program?

Author:
Rendleman, C. Matthew, Hertel, Thomas W.
Source:
Journal of agricultural and resource economics 1993 v.18 no.1 pp. 86-95
ISSN:
1068-5502
Subject:
corn, farmers, high fructose corn syrup, sugars
Abstract:
Corn producers frequently have been told that the sugar program provides an important stimulus to corn demand through its positive influence on the high fructose corn syrup sector. In this article we quantify the extent of this support and find it to be very small-not more than 3¢ per bushel, and probably less. Previous studies have overstated this effect due a lack of attention to the interindustry linkages in the sweetener complex.
Agid:
5945196