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The performance of the USDA domestic sugar production and consumption forecasts for marketing years 1993/1994 through 2009/201 1 was evaluated. Using USDA sugar forecast information, U.S. sugar policy attempts to operate at no cost to the government by maintaining sugar prices above the government loan-rate. Results suggest no evidence that U.S. sugar policy is negatively impacted by the USDA sugar forecasts. New policies formed under the 2008 Farm Bill are not impaired by USDA sugar production and consumption forecasts. Overall, the results suggest that the USDA has done a respectable job of forecasting sugar production and consumption over the sample period.

Keywords: 2008 Farm Bill ; efficiency ; forecast revisions ; sugar ; U.S. sugar policy

Editor(s): Epperson, James

Escalante, Cesar

Subject(s): Agricultural and Food Policy

Issue Date: 2012-2012-2012

Publication Type: Journal Article

ISSN: 0738-8950

Language: English Published in: Journal of Agribusiness, Volume 30, Number 2 Page range: 155-172

Record appears in: Agricultural Economics Association of Georgia > Journal of Agribusiness

Autor: Lewis, Karen E. ; Manfredo, Mark R.


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