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America’s Dairy Farmers Dump 43 Million Gallons of Excess Milk (WSJ Oct. 12, 2016 10:59 a.m. ET)
WSJ ^ | 10/12/16 | K Gee

Posted on 10/12/2016 12:33:01 PM PDT by Early2Rise

Farmers in the U.S. are pouring out tens of millions of gallons of excess milk, amid a massive glut that has slashed prices and has filled warehouses with cheese.

More than 43 million gallons’ worth of milk were dumped in fields, manure lagoons or animal feed, or have been lost on truck routes or discarded at plants in the first eight months of 2016, according to data from the U.S. Department of Agriculture. That is enough milk to fill 66 Olympic swimming pools, and the most wasted in at least 16 years of data requested by The Wall Street Journal. .......... American farmers are in the process of harvesting record-large corn and soybean crops, and meatpackers are now producing the most ever meat and poultry. As a result, food prices in the U.S. have plummeted and farm incomes this year are headed for their third consecutive drop. ................

On Tuesday, the USDA pledged to buy about $20 million of cheddar cheese to help struggling dairy farmers, the second time it has intervened in the market in less than three months.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Constitution/Conservatism; News/Current Events; Philosophy
KEYWORDS: agriculture; agrisubsidies; centralplanning; dairy; marketintervention; milk; pricefixing; usda
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To: Red Badger

Children in Haiti are always starving..or sick...or in great need....that equation is not going to change until their leadership changes, the scam agencies get out of their country, and they position people who know “how” to lift the country above it’s victim state...

What do you do with a country who’s peoples goal in life is to get out of their country?


61 posted on 10/12/2016 8:52:31 PM PDT by caww
[ Post Reply | Private Reply | To 29 | View Replies]


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