Saturday, March 27, 2010
Costs of Production
(click on image to enlarge)
Whenever the idea of dairy farmers receiving costs of production, the leading chorus of experts say that can't be done. Or maybe the argument hinges on what do you mean costs of production.
Dairy farmers, as a whole did, in fact, receive costs of production through 1987.
The problem today, I think, is that costs of production, like the snake in the well, has been "drunk up."
However, the trend cannot continue. At some point the problem must be faced and dealt with.