The United States produces about 8 million tons (7.25 million tons) of sugar a year. "This provides $21.1 billion of the economic activity in 42 states." Florida, Hawaii, and Louisiana are major producers of cane sugar. The Red River Valley in Minnesota and North Dakota is the largest sugar-beet growing region in the United States.
As shown in the first paragraph, the sugar industry is a large part of the United States economy. Since March 2001 the price of sugar has taken a drastic drop. Many of the sugar industries factories and mills have been shut down. Due to the sugar market's drop, it has affected both employment and our economy. In this paper, I will show how the supply and demand of sugar has affected the economy of the United States.
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