Monday, August 3, 2009
(click to enlarge)
There are people who will argue with a passion about the merits of the Cooperatives Working Together (CWT) program.
There is, however, one item which cannot be argued and that is the financial statement at the CWT site: http://www.cwt.coop/pdf/Financial_Report_2009.pdf
You will notice that CWT requires $3 million a year to administer. But there is also the interest payments of $4,900,000.
Together that represents all of the dimes collected on 79,000,000 hundredweight of milk. All of those dimes are the same as pouring money down a hole.