"NMPF Board of Directors Approves Proposal to Improve Federal Milk Marketing Order System as Part of Foundation for the Future Program"
The first paragraph states:
The National Milk Producers Federation’s Board of Directors agreed today to support a series of major reforms in the Federal Milk Marketing Order program, intended to renovate the economic structure of the U.S. dairy sector. The changes will be packaged as part of the Foundation for the Future program that NMPF has been developing during the past 18 months.
"Renovation" by definition means an improvement. However,no one can say with a straight face the dairy farmer's situation will be improved by this plan. The details are sparse but...
On page 22:
• Institute a new Class III price that would be a competitive pay price and no longer be maintained as a minimum price. The competitive pay price would be based on regional surveys of both regulated and unregulated proprietary cheese plants
processing a minimum of 500,000 pounds of milk a day and covering all varieties
Scary. No minimum price?
Nice words though "competitive pay price." What a way to push buttons.
NMPF either does not understand economic organization or they hope no one else does.