The thing that's starting to drain me is that they want to prop up prices without doing anything to put the brakes on production. We tried that in the 70s and it didn't work. Now here we go again,not paying any attention to history. What year was it that we had the farm bill that they called "Freedom to farm"? That was when the trouble started all over again. No limits on production,just promises of profit.
If you want to prop up prices,limit production so supply and demand come in to balance,then the markets will ensure that those payments only last a very short time. It's just too much common sense I guess. The dairy industry in the US is run by large producers,even the co-ops,and those large producers are totally opposed to any production limits. I can tell you that first hand as a fact from my years of involvement deep on the inside of Michigan Milk Producers Association.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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