Today, USDA release its Ag Prices report available at: http://usda.mannlib.cornell.edu/usda/current/AgriPric/AgriPric-01-31-2011.pdf
USDA estimated the "All Milk" price at $16.20/cwt. USDA also states the parity price would have been $44/cwt (that is at over 90% parity, which never happened). Nevertheless, there ha been a lot of money going into the middle since Reagan signed the bill eliminating parity milk pricing.
A thorough examination of where the money went would be useful in many ways. Is the entire system efficient, or is it just capturing a benefit of a form of servatude?
For those who are interested, the above link has a great deal of information on parity and how it is calculated.
Showing posts with label USDA Parity. Show all posts
Showing posts with label USDA Parity. Show all posts
Monday, January 31, 2011
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