On June 4, 2009 USDA Commodity Credit corporation (CCC) sold just over 1 million pounds of NFDM to Prestige Proteins, 5300 W Atlantic Ave, Delray Beach, Florida for $0.47 per pound – just about half the current world price. The CCC had paid $0.80 per pound plus storage costs of about a quarter cent per pound a month.
This will be converted to casein by Prestige Proteins. Prestige Proteins advertises itself as “Your one stop global source for caseins and caseinates.” Their website says, “We produce Polish skimmed milk powder in ADMI extra and standard grades. Our plant in the United States produces Sodium Caseinate, Calcium Caseinate, and other Caseinates with the functionality that you require. Each product and blend is created to suit your particular needs.
And, if you want to, United States Patent 3911143 covers a process to convert whey and casein to create a substitute for NFDM.
At $0.47 a pound from the CCC there is a lot of room to play around – creativity is encouraged. Keep in mind though, in September 2008, before CDI began selling NFDM to the government, the price was $1.2379 per pound.
You couldn’t really call this capitalism, and you couldn’t call it socialism. A new definition is needed which explains what’s going on.