Apparently the dairy farmers really did "bet the farm" that milk was going to $5 (remember all the scare stories from 2008?). Maybe ol' Russ can get the price back up in the $4 range again. Then he can move on to eggs, corn, wheat, etc. Sooner, or later, a staffer will whisper to him that we're in a recession.
Russ was really there for Dean Foods' stockholders when the stock plummetted in 2007-08. What a d-bag.
1 posted on
10/04/2009 4:43:10 PM PDT by
10Ring
To: 10Ring
Milk is cheaper than it’s been in a long time at the grocery store. I’m paying $2.39 a gallon.
2 posted on
10/04/2009 4:45:07 PM PDT by
dawn53
To: 10Ring
Living in somewhat of dairy country, I feel the farmers pain.
3 posted on
10/04/2009 4:45:15 PM PDT by
stevio
(Crunchy Con - God, guns, guts, and organically grown crunchy nuts.)
To: 10Ring
They bought tons more cows, milk supply went up big time, demand did not. That means price went down. Obviously. The milk companies and stores didn’t cut their shares of course because the farmers were taking the lower prices.
So of course lets not try a little more capitalis, lets try politics.
4 posted on
10/04/2009 4:46:37 PM PDT by
GeronL
(meow)
To: 10Ring
Boo freakin hoo dairy farmers. Get leaner and meaner or go out of business. Imagine that, farmers actually having to compete on the free market. Oh the humanity!
To: 10Ring
Did you ever read what FDR ordered during the dustbowl??
He destroyed crops, plowed under farms, dumped the milk, slaughtered the animals not for human consumption. ALL to raise the price of food. During the Great Depression.
6 posted on
10/04/2009 4:48:07 PM PDT by
GeronL
(meow)
To: 10Ring
Depending on where you look, you can see signs of Inflation or signs of Deflation. In the dairy case, there appears to be Deflation.
Deflation means there's not much sense in producing the product, because you can't sell it at a profit. So businesses close down, workers get laid off. It makes Obama smile.
7 posted on
10/04/2009 4:50:26 PM PDT by
ClearCase_guy
(Play the Race Card -- lose the game.)
To: 10Ring
They can thank the POTUS and their Congress for screwing them.
11 posted on
10/04/2009 4:55:38 PM PDT by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: 10Ring
Dairy farmers are pressing federal antitrust regulators to investigate why large food companies are making hefty profits while farmers are going brokeBig customers like to dictate price.
12 posted on
10/04/2009 4:55:50 PM PDT by
the invisib1e hand
(Isn't the Golden Mean the secret to something," I parried? "Yes," Blue replied. "Mediocrity.")
To: 10Ring
We need to end all the farm subsidies.
20 posted on
10/04/2009 5:23:44 PM PDT by
trumandogz
(The Democrats are driving us to Socialism at 100 MPH -The GOP is driving us to Socialism at 97.5 MPH)
To: 10Ring
I feel sorry for farmers having worked on a farm in my teens.
They buy their implements and tools retail and sell their product wholesale.
They get shaved coming and going.
To: 10Ring
The folks at Dean Foods aren’t exactly nice guys. They’d buy up small, regional companies, keep the labels, ditch the employees, and outsource production. Their business plan was built on ravishing small town America.
32 posted on
10/04/2009 7:22:34 PM PDT by
PAR35
To: 10Ring
Yeah, Feingold wasn’t too worried about it when milk was $4.00 a gallon.
34 posted on
10/04/2009 8:18:59 PM PDT by
VeniVidiVici
(Hey Obama. Where is Osama Bin Laden?)
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