Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
08-27-2016, 09:36 PM #1
Feds spend $20 million to buy 11 million pounds of unwanted cheese
Feds spend $20 million to buy 11 million pounds of unwanted cheese
The USDA is spending $20 million to purchase surplus cheese from American producers.
America has way too much cheese. And the federal government wants to do something about it.
The Department of Agriculture announced this week it will purchase 11 million pounds of cheese – worth about $20 million – to distribute to food banks around the country. The cheese will be purchased from private suppliers.
The move comes as U.S. cheese producers struggle with an oversupply problem and prices that have fallen more than 35 percent in the past two years.
Farmers had stepped up cheese production in recent years as a result of higher prices but a slow world marketplace, increased milk supplies and slower demand contributed to a now-sluggish marketplace.
The result, according to the USDA, is a cheese surplus that's at its highest level in 30 years.
"We understand that the nation's dairy producers are experiencing challenges due to market conditions and that food banks continue to see strong demand for assistance," said Agriculture Secretary Tom Vilsack.
"This commodity purchase is part of a robust, comprehensive safety net that will help reduce a cheese surplus that is at a 30-year high while, at the same time, moving a high-protein food to the tables of those most in need."
In July, 61 members of Congress – none from Alabama – wrote Vilsack to express concern over the "trouble economic challenges" facing U.S. dairy farmers.
"We have seen farm milk prices drop 40 percent since 2014 and in May, the nation's cheese stocks were recorded at their highest level since the data was first recorded in 1917," the lawmakers wrote. "Current expectations are that the dairy market will continue to struggle with depressed prices and we seek your help as we search for ways to swiftly assist our nation's struggling dairy farmers."
The USDA said it predicts dairy prices to increase later in the year but will monitor the situation and could take additional action in the fall.
The $20 million used to purchase the cheese comes from a decades old program that's part of the Agriculture Act of 1935. That act allows the USDA to set aside a portion of import duties to purchase agriculture products in order to stabilize prices. The food is then distributed to food banks, schools, international aid and prisons.
http://www.al.com/news/index.ssf/201...ding_20_m.htmlNO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
Similar Threads
-
Feds Spend $1.7 Million on Exercise Program for Refugees
By Jean in forum illegal immigration News Stories & ReportsReplies: 1Last Post: 03-04-2016, 01:09 AM -
CA. 3,024 pounds of cocaine, 100 pounds of meth, $4.1 MILLION cash seized
By JohnDoe2 in forum illegal immigration News Stories & ReportsReplies: 1Last Post: 12-06-2013, 06:57 PM -
OUTRAGE: Feds Spend $1.6 Million to Restore “La Raza” Murals Celebrating “Aztlan” and
By SicNTiredInSoCal in forum General DiscussionReplies: 18Last Post: 02-02-2012, 02:55 PM -
27 Million Unemployed / Underemployed: Swiss Cheese Recovey
By AirborneSapper7 in forum Other Topics News and IssuesReplies: 0Last Post: 01-14-2010, 09:40 PM -
Feds spend $42 million on stimulus pkg rebate letters
By zeezil in forum illegal immigration News Stories & ReportsReplies: 0Last Post: 03-08-2008, 03:12 AM
Durbin pushes voting rights for illegal aliens without public...
04-25-2024, 09:10 PM in Non-Citizen & illegal migrant voters