(click on image to enlarge)
The payments from the $290 million will soon be going out according to Secretary Vilsack.
In Reagan's first inaugural address (1981), he said, "In this present crisis, government is not the solution to our problem; government is the problem."
The above chart clearly demonstrates in constant 2005 dollars, government subsidies to all kinds of farmers really took off with Reagan. At the same time corporate power was handed a carte blanche to serve their own needs.
Can someone please tell my how the use of all these wonderful "tools" made any difference in the farmers' pockets? Now add another $.32/cwt? Pass the champagne!
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Rusty
# USDA reactivated USDA's Dairy Export Incentive Program (DEIP), to help U.S. dairy exporters meet prevailing world prices in addition to encouraging the development of international export markets in areas where U.S. dairy products are not competitive due to subsidized dairy products from other countries.
# USDA spent approximately $1 billion in fiscal year 2009 on purchases of dairy products (Dairy Product Price Support Program) and payments to producers (Milk Income Loss Contract (MILC).
# USDA increased the amount paid for dairy products through the Dairy Product Price Support Program (DPPSP). USDA estimates that these increases, which were in place from August 2009 through October 2009, increased dairy farmers' revenue by approximately $243 million.
# In March, USDA transferred approximately 200 million pounds of nonfat dry milk to USDA's Food and Nutrition Service, which will not only remove inventory from the market, but also support low-income families struggling to put nutritious food on their tables.
I was hoping, although not expecting, this program to mean something. Thirty-two cents...not going to mean much to anyone.
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