News International Sugar Journal

US government cross-subsidises biobased products sector further [Registered]

The biobased products sector in the US currently enjoys cross-subsidy from the government whereby Federal agencies are mandated to buy products from this sector when they can. In a bid to drive this sector further with the aim of promoting “rural economic development”, creating “new jobs”, and providing “new markets for farm commodities”, a Presidential Memorandum was issued on 21 February directing the federal government to increase the purchase of biobased products over the next two years. Currently some 9000 individual products produced in the country fall under 64 categories designated by USDA for Federal agencies to source. However, “less…

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