VU2 participants will no doubt wince upon recognizing yet another echo of depressions past;
A stimulus package may be a lifeline for the nation’s economy, but it could be a death sentence for a lot of cows. Lawmakers are looking for ways to use the forthcoming stimulus bill to help dairy farmers, and the number one priority is to dampen milk supplies and prop up prices. Translation: reduce the nation’s dairy herd. Exactly how Congress will accomplish that remains uncertain.
Reducing supply to prop up prices didn’t work when wheat was the issue. And it won’t work now.