“Market” is another term which seems to have lost any original meaning and now, again, is just a substitute for good/bad.
International Dairy Foods Association (IDFA) is very concerned about how the $350 million in the Sanders amendment is used:
IDFA is particularly concerned about “market distortion.”
F.A. Hayek won the 1974 Noble Prize for economics said:
“The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.”
So, just how close to conservative economist F.A. Hayek's important concept of dispersed knowledge is the dairy market? Not very.
The Commodities Futures Trading Commission (CFTC) regularly publishes a report on futures trading: http://www.cftc.gov/dea/futures/deacmelf.htm
More than 50% of the open interest in class III milk futures is held by 8 or less (sic) traders. There are about 50,000 dairy farms in this country, all of whom hold “bits” of knowledge but the ‘knowledge” held by “8 or less” rules.
While 50,000 dairy farms go through some kind of economic fire and brimstone, IDFA and NMPF are worried that the “8 or less” will lose their iron grip.
I would suggest that the real distorters of the "market" are those who are represented by IDFA.