Friday, February 26, 2010
(click on images to enlarge)
I suspect the problems of farm milk pricing are structural. That is the concentration of retailers has also increased the power over suppliers. What's a poor middleman to do other than to pass on the pain.
Above is information from the United Kingdom (Great Britain)which is actually similar to the situation in the U.S. One French economist from the 1850's said something along the line of "Woe be to him that thinks for every cause there is but one effect."
Notice that the average age, and this is world wide, of farmers is increasing. This trend cannot go on forever.