Dec
27

Milky Mess

If Congress doesn’t extend the existing farm bill or pass a new one, milk prices will double. This is because price supports would be based on the 1949 Agriculture Act and would be $38/hundred-weight, as opposed to $20.83 now. Should this happen, expect plunging short-term consumer demand and massive imports of dairy products from abroad, followed by plummeting dairy prices, as government sells the massive quantities of dairy products purchased.

Share This Post
Facebook Twitter Email

Speak Your Mind

*