Thursday, July 30, 2009
(click to enlarge)
“The first chart is a graph of dairy margins (price minus cost) for each of the last 18 months for the 25 percent of producers who are the lowest cost producers in the U.S. These producers have actually made a profit over the last year and a half.”
Is there anyone who thinks the most efficient made money in all but two months of 2009? People who are in a position to know tell me that no more than 1% could possibly, possibly have made any money this year.
Notice, there is no source for the data.
As one looks through all the testimony, there seems to be a level of orchestration to much of the testimony.