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A Trend Projection of High Fructose Corn Syrup Substitution for Sugar
Hoy F. Carman
American Journal of Agricultural Economics
Vol. 64, No. 4 (Nov., 1982), pp. 625-633
Stable URL: http://www.jstor.org/stable/1240571
Page Count: 9
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High fructose corn syrup is a comparatively low-priced sugar substitute which is experiencing rapid demand growth. A simple logistical trend model suggests that both per capita and total U.S. sugar consumption will decrease for several years as high fructose corn syrup is adopted. The impact on domestic sugar producers under current policy is minimal with costs borne primarily by sugar-exporting countries. Food manufacturers can reduce production costs, and some of this may be passed to consumers in lower product prices. Per capita consumer savings, however, will be small. The impact on corn prices also will be small.
American Journal of Agricultural Economics © 1982 Agricultural & Applied Economics Association