Tuesday, October 6, 2009

New OCM Report


Organization for Competitive Markets (OCM) has released a new report. I have only skimmed the report but, think it is worth reading.

On page 61 of the fairly lengthy report:

The GAO’s consideration of the dairy industry also discloses superficiality and misunderstanding. The GAO Report does not deal with separate market order areas, the federal milk marketing order’s oligopsonistic consequences, the problem of imports of milk protein concentrates and casein supplies, or other fundamentals impacting dairy farming and dairy products offered to consumers.
The GAO Report concluded, “Overall, four studies found that concentration in dairy processing had little or no adverse impact on commodity or food prices.” Again, GAO did not consider all the evidence.

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