Skip to comments.Dairy prices and Food Stamps Question
Posted on 10/29/2013 6:23:58 AM PDT by jyro
Why does the government have to buy milk?
"If Congress allows those supports to expire, 1930s and 1940s-era farm law would kick in, as much as quadrupling the price that the government pays to purchase dairy products. If the government paid that high a price, many processors would sell to the government instead of commercial markets, decreasing commercial supply and thus also raising prices for shoppers at grocery stores."
Read more here: http://www.kansascity.com/2013/10/28/4581669/congress-eyes-milk-prices-politics.html#storylink=cpy
(Excerpt) Read more at kansascity.com ...
Yeah, why does the gov’t have to buy milk?
How else could they make the gov’t cheese, which they give away free to those they declare needy?
Since the 1930s, the price of milk has been set by the federal government and tied in part to the value of a 40-pound block of Cheddar cheese sold on the Chicago Mercantile Exchange. So the price that cheese trades at in Chicago is a major factor that determines what a dairy farmer earns.