I was raised on a dairy farm, and these types of actions have always struck a nerve with me
NMPF says USDA decision will reduce prices in 2003
The decision by the U.S. Department of Agriculture to reduce the level of the dairy price support program will cost dairy farmers approximately $870 million in 2003, at a time when farm-level milk prices are already the lowest since the 1970s, according to the National Milk Producers Federation.
Last Friday, the USDA announced that it is reducing the purchase price level for nonfat dry milk, from 90 cents per pound to 80 cents. In so doing, USDA also raised the purchase price for butter, from 85 cents per pound to $1.05. But the net effect of this price support “tilt” will be a loss of 54 cents per hundredweight for U.S. dairy farmers.
“Dairy farmers are drowning in a sea of low prices, and instead of providing them a helping hand, the USDA has just tossed them an anvil,” said Jerry Kozak, President and CEO of NMPF. “The USDA's own projections show that net cash income for dairy farmers in 2002 will be down 50% - and now, incredibly, they've decided to make the situation even worse.”
*LINK*
<FONT COLOR="#800080" SIZE="1">[ 01-19-2003 07:14: Message edited by: FLIPPER ]</font>
NMPF says USDA decision will reduce prices in 2003
The decision by the U.S. Department of Agriculture to reduce the level of the dairy price support program will cost dairy farmers approximately $870 million in 2003, at a time when farm-level milk prices are already the lowest since the 1970s, according to the National Milk Producers Federation.
Last Friday, the USDA announced that it is reducing the purchase price level for nonfat dry milk, from 90 cents per pound to 80 cents. In so doing, USDA also raised the purchase price for butter, from 85 cents per pound to $1.05. But the net effect of this price support “tilt” will be a loss of 54 cents per hundredweight for U.S. dairy farmers.
“Dairy farmers are drowning in a sea of low prices, and instead of providing them a helping hand, the USDA has just tossed them an anvil,” said Jerry Kozak, President and CEO of NMPF. “The USDA's own projections show that net cash income for dairy farmers in 2002 will be down 50% - and now, incredibly, they've decided to make the situation even worse.”
*LINK*
<FONT COLOR="#800080" SIZE="1">[ 01-19-2003 07:14: Message edited by: FLIPPER ]</font>