Allendale, NJ — As one of the 50 largest privately held companies in New Jersey, with nearly 1,000 employees, Promotion In Motion Cos., Inc. CEO and NCA Chairman Michael Rosenberg is constantly looking for ways to grow his company, but he could use a little help from Congress, the chief exec wrote in an editorial for NorthJersey.com.
“For New Jersey food manufacturers, a proud industry that accounts for more than 20,000 employees across nearly 700 businesses, we need Congress to reform the sugar program during the upcoming Farm Bill reauthorization process,” Rosenberg related. “The subsidy program tilts the playing field dramatically in favor of a select few sugar processors scattered throughout the country, while scores of food manufacturers and small businesses in the confections, dairy and baking industries are leveled with higher sugar prices.”
He goes on to note the sugar program’s restrictions, such as limiting imports and requiring the government to purchase surplus sugar produced domestically for ethanol production, are driving up prices in the U.S. As it stands, sugar on the world market is 50 percent cheaper than it is in the U.S.
“The 13 sugar conglomerates are eager to see this program sustained. And they have done incredible work ensuring Congress continues to reauthorize it, especially when you consider that not only has it remained in place for more than 80 years, but it is also the only commodity program to have never undergone a single reform,” he wrote. “Now is the time to change this program once and for all. I urge our New Jersey delegation to step forward and cosponsor H.R. 4265/S. 2086 (the Sugar Policy Modernization Act) so that proud New Jersey’s producers such as our company can continue to create and provide jobs and give back to our local New Jersey community.”