Monday, December 7, 2009

Old Story Update

http://www.albany.edu/jmmh/vol1no1/dairy3.html

I know I posted this link before, but, today I wanted to compare the present milk price crisis with the 1930s.

Drawn up by LaGuardia, the pact called for the dealers to pay $2.15 for all milk purchased between August 25 and October 31, 1939; this forty-five percent price increase became official the next day when it was ratified at a jubilant DFU convention at union headquarters in Utica, New York.


When these good people went on strike, their farm milk price was over $21/cwt in today's dollars. The settlement amounted to $33.44/cwt, in 2009 dollars.

Little by little.

4 comments:

  1. Maybe this could happen if the farmers hired Tony Soprano as their PR man.

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  2. I heard Jimmy Hoffa is available?
    The farmers in Europe went on strike this summer and they were getting the equivalent of $17.00 per cwt at the time - we were at $9.00. Regardless we are getting ripped-off - folks around here are starting to get real tired of it; soon I think the tide will turn and there will be an uprising - the only thing that will stop it is fair prices and I don't see those coming any time soon. Everyone in the business knows this is too much risk and work to feed folks that don't know or care. I hope they all like tofu and grits because soon that's all there will be.
    Jeff

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  3. http://www.nmpf.org/files/file/NMPF-ltr-to-Sec-Vilsack-on-cheese-stocks-2009-12-04.pdf

    Another interesting update on cheese inventories. But no big deal to NMPF.

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  4. So what was the production per cow, and cost per cwt in 1939. It would seem that these data would also be needed to make a more meanngful comparison from the situation then to now

    ReplyDelete