Comments for World milk glut squeezes farmers, consumers - Food Inc.- msnbc.com »
Posted By david_nwpa 6 months, 1 week ago in Business & FinanceBARNHART, Mo. - A collapse in milk prices has wiped away the profits of dairy farmers, driving many out of business while forcing others to slaughter their herds or dump milk on the ground in protest. But nine months after prices began tumbling on the farm, consumers aren't seeing the full benefits of the crash at the checkout counter.
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david_nwpa6 months, 1 week ago
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Too much milk on the open market will deflate prices even further to the point that it would be more profitable to dump the milk than sell it. The middlemen in the process are a large part of the problem. They store, pasteurize and homogenize the milk before bottling it and sending it to stores. Therein is a considerable expense. The entire market needs to be put on a more even keel.
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