An Inclusive Litany
3/11/96
President Clinton has approved a plan to return hundreds of millions of
dollars' worth of expensive south-Florida farmland to the Everglades
by buying the land at market rates. The main reason the land is
expensive is that the land is used for growing cane sugar, a crop that
can only grow in parts of Florida, and then not at all competitively.
As a result, the crop is so heavily subsidized that American sugar
prices are roughly three times that of the world price. Though it
perhaps represents mere inference, it is reasonable to assume that
removing the price supports would at least have made the Everglade
buy-back much less expensive, if not obviate the plan altogether.