Monday, March 28, 2016

Record Dairy Production

More bad news.....  we are producing a RECORD amount of dairy products.  This is a disaster as we have so much production of this food product that people currently are not able to buy it all.  Things look like they are going right down the tubes for sure too much food chasing not enough USDs to buy it.


Andy Blatchford said...

Hyper deflation ?

Marian Ruccius said...

Supply management. Not perfect (and creates its own rentier class of quota holders), and one needs to raise the incomes of the lowest two quintiles in consequence, but possibly better than massive industrial overproduction, use of BSE, the milk SHORTAGES in the US in 2014 (especially in infant formula), resulting from the open international market and drought in New Zealand. Predictable supply and prices for producers. Everything TPP is against.

Roger Erickson said...

The role of a prosperous cycle in "making a more perfect union"