Friday, January 02, 2009

Dairy Farm Problems? Nope. There's a Bailout for That, TOO!!

The Milwaukee JS ran a story about the difficulties down on the old dairy farm. Seems that prices paid to producers are dropping fast (although you might not notice that if you purchase milk at the store.)

Don't worry. Bossy's not going to the slaughterhouse.

[W]hile the government has price-support programs for about two dozen agricultural products, so far milk powder is the only commodity that has sunk low enough to trigger the flow of government dollars. Some expect that taxpayers will soon be buying blocks of cheese, too, given the plunging price. (NYTimes, quoted by Calculated Risk.)

Somehow, the JS story didn't mention the Milk Powder Bailout, though...

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