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Economic Surpluses In The U.S. Sugar Market

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  • Lopez, Rigoberto A.

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.

Suggested Citation

  • Lopez, Rigoberto A., 1990. "Economic Surpluses In The U.S. Sugar Market," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(1), April.
  • Handle: RePEc:ags:nejare:28970
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    File URL: http://purl.umn.edu/28970
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    References listed on IDEAS

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    1. Lopez, Rigoberto A. & Sepulveda, Jorge L., 1985. "Changes In The U.S. Demand For Sugar And Implications For Import Policies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(2), October.
    2. Roe, Terry & Shane, Mathew & Vo, De Huu, 1986. "Price Responsiveness of World Grain Markets: The Influence of Government Intervention on Import Price Elasticity," Technical Bulletins 157021, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Lee, Dae-Seob & Kennedy, P. Lynn, 2005. "Demand behavior of U.S. high fructose corn syrup (HFCS) and its implication for the U.S. sweetener market: a cointegration analysis," 2005 Annual meeting, July 24-27, Providence, RI 19564, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Crop Production/Industries;

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