Wednesday, July 19, 2006
In a word . . . disgusting
According to the Washington Post, the US Departement of Agriculture came up with an innovate way to relieve the suffering of farmers impacted by a Plains state drought in 2003: they released powdered milk stockpiled as part of a price support program, expecting that recipients would feed the milk to their livestock. Instead, farmers took the powdered milk (about 400 million tons, which would later sell for hundreds of dollars a ton) and sold it to brokers who flooded the domestic and international markets with the stuff. Full story
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