Tuesday, September 28, 2010
(click on image to enlarge)
The Dairy Industry Advisory Committee (DIAC) has a blog and a recent entry is at: http://blogs.usda.gov/2010/09/24/milk-price-volatility-solutions-discussed-during-third-diac-meeting/
The part I find offensive is: "From 2008-09, dairy farmers suffered a loss in income as consumers and businesses cut back on the amount of milk and milk-based products they bought, creating a surplus and driving prices down. During the first quarter of 2009, milk prices — which are based on commodity markets and fluctuate with global demand — dropped from $16.80 per cwt to $12.23 per cwt due to oversupply."
According to USDA dairy farms marketed 187.3 billion pounds of milk in 2009. Commercial disappearance totaled 189.4 million pounds.
The dairy farmers were an ATM machine for the dairy marketing chain. What part of "know" don't they understand?