Title: Why are milk prices plummeting? | Grist
Headings: Why are milk prices plummeting?
Why are milk prices plummeting?
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Content: Why are milk prices plummeting? | Grist
Why are milk prices plummeting? Jim Goodman
Published
Jun 10, 2009
Topic
Climate + Food
Dairy farmers are in deep trouble. Milk prices have fallen by half since last year, dropping to a 30-year low. Consumption has fallen in light of the slowing world economy and now there is a huge milk surplus, or so the “experts” tell us. It’s a nice theory: surplus equals low prices. Easy to explain and easily accepted by farmers. Farmers want an explanation, they listen to the dairy ”experts.” They drink the Kool-Aid.