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Topic Title: Just another day under capitalism
Topic Summary: Milk being poured down the drain to keep prices up
Created On: 04/03/2020 09:44 AM
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 04/03/2020 09:44 AM
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RustyTruck

Posts: 33293
Joined Forum: 08/02/2004

Down the drain: Wisconsin dairy farmers told to dump milk because of an oversupply in the market

http://www.tmj4.com/news/coron...rsupply-in-the-market

"Umhoefer says giving the milk away themselves could also crush the dairy industry. They've asked the USDA to step in to buy back the milk to then donate it to those who need it."

""We have asked the government to step in and buy dairy products to give to feeding programs and give to school lunch programs," Umhoefer said. "So we can get people fed and get money back to that dairy farmer."

Because right now, farms like Golden E would be losing tens of thousands of dollars every day. Money they're told they will get back.

"I don't know if this will affect us financially right now, but if we don't get paid, it will obviously," Eble said. "I'm told we will. Who is going to reimburse us? Whether it's the cooperative, the [Dairy Farmers of America], or the government, that is uncertain as of this time. But right now, we're told we will be reimbursed."

But for at least the next week, they'll continue dumping milk from their 2,400 cows."



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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 04/03/2020 09:45 AM
User is offline View Users Profile Print this message


RustyTruck

Posts: 33293
Joined Forum: 08/02/2004

AKA "artificial scarcity"

http://www.utne.com/economy/ar...l-scarcity-zm0z15uzsau

-------------------------
Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".

Edited: 04/03/2020 at 09:46 AM by RustyTruck
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