Say the words "crop insurance" and most people start to yawn. For years, few nonfarmers knew much about these government-subsidized insurance policies, and even fewer found any fault with them. After all, who could criticize a safety net for farmers that saves them from getting wiped out by floods or drought?
I recently got a tour of the Spangler Candy Co., a family-owned firm in Bryan, Ohio. The company makes 10 million Dum Dums lollipops there every day, and it has a whole separate building where it stores the sugar — enough to fill eight Olympic-size swimming pools.
The CEO, Kirk Vashaw, says he wants to expand the factory and make even more candy there. There's just one thing he needs.
While you indulge in some Easter Peeps and chocolates this weekend, you might want to think about all that sugar. No, this isn't a calorie warning. In the U.S., raw sugar can cost twice the world average.
Critics say U.S. sugar policy artificially inflates sugar prices to benefit an exclusive group of processors — even though it leads to higher food prices. But this year, prices fell anyway. Now, the government could be poised to use taxpayer dollars to buy up the excess sugar.