X

SUPPORT FOR DAIRY FARMERS PARTIALLY DUE TO SLUGGISH MARKETPLACE FOR DAIRY PRODUCERS

We thought readers (especially vegans) would want to see this information:

The USDA plans to purchase approximately “… 11 million pounds of cheese from private inventories to assist food banks and pantries across the nation, while reducing a cheese surplus that is at its highest level in 30 years. The purchase, valued at $20 million, will be provided to families in need across the country through USDA nutrition assistance programs, while assisting the stalled marketplace for dairy producers. USDA also announced that it will extend the deadline for dairy producers to enroll in the Margin Protection Program (MPP) for Dairy to December 16, 2016, from the previous deadline of September 30. This voluntary dairy safety net program, established by the 2014 Farm Bill, provides financial assistance to participating dairy producers when the margin – the difference between the price of milk and feed costs – falls below the coverage level selected by the producer … While USDA projects dairy prices to increase throughout the rest of the year, many factors including low world market prices, increased milk supplies and inventories, and slower demand have contributed to the sluggish marketplace for dairy producers.

See: http://www.fsa.usda.gov/news-room/news-releases/2016/nr_20160823_rel_0181

Related Post