Baseman posted:caribny posted:Baseman posted:They are industry losses but not national losses! They are losses but not a loss! More loss leader!
Someone has to actually fund these losses. Where is this going to come from and how fair is it to those who aren't in the sugar industry?
.Yes, it's funded by the duties of consumer items imported thanks to the Forex earned by Sugar. And I'm not including value added to the domestic economy by industrial material imported and down-stream in the economy!
Sugar has been produced almost to t he tune of 50 percent of its value. You are saying that we are so dependent on the paltry sum it brings in that we have to fund these losses just so those monies could come in otherwise we may have to do without some goods and services!
What a laugh. Be creative enough to down size the industry and stop the piling on of debts. The subsidies afforded this industry to cover its losses should be redirected and the loss of foreign currencies in its paltry earnings covered by being efficient elsewhere like stopping the hemorrhage of gold across t he border and being efficient in practice like not building a Marriott and putting us a hundred million in debt and having to subsidize that also. We could truly start selling our woods for their proper value rather than making crony capitalist deals where others take most the value.
I do not buy your explanation. Sound economics would seek to make sugar profitable. Under the PPP cost of production was doubled crippling the industry and that is the reality we deal with.