A bipartisan group of dairy-state Congressmen are forming a Congressional Dairy Farmers Caucus, presumably to lobby for higher milk prices, which have collapsed, to the special loss of all the farmers (and their bankers) who expanded as dairy prices inflated in the mid-2000s.
US Reps Joe Courtney, D-Conn., and Peter Welch, D-Vt., are co-chairmen, joined by Pennsylvania's Joe Sestak and Chris Carney, New York's Chris Lee, Florida's Tom Rooney, and Harry Teague of New Mexico. Nobody so far from the biggest dairy-producing state, California. But Jaime Castaneda and Dana Brooks from the National Milk Producers' Federation joined the honorable reps in a kick-off press conference this morning.
Their statement: "The Caucus will serve to educate members and their staff on issues of concern to the dairy industry while also serving as a means to build consensus on legislation impacting the dairy industry. Dairy farmers nationwide have suffered tremendously as milk prices have collapsed and milk production costs exceed the selling price. Prices have fallen approximately 50 percent this year and this Caucus will work with industry leaders, dairy economists, producers and processors to reach common sense bipartisan solutions to address the current dairy crisis. Historically, the dairy industry has been plagued by price volatility, but the current crisis threatens the future of the entire dairy industry. "
We'd like to know how much "addressing the current dairy crisis" will cost us in cents per gallon.
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