Dairy Crisis: Bigger than the Gulf Oil Spill

[Guest guest]

”In the past few years our dairy industry lost $50 billion in income and equity.

Add it up and it’s bigger than the Gulf Coast oil spill.”

”In the past few years our dairy industry lost $50 billion in income and equity.

Add it up and it’s bigger than the Gulf Coast oil spill.”

Contente says simply figuring what a milk cow sells for today at about $1200 per

cow vs $2000 a cow before all this - adds up to $9 billion lost in cows alone.

“Today about 20% of local dairy producers are out of equity” and could face

foreclosure from their bank too if there is another downturn in prices he

contends.

http://johnbuntingsjournal.blogspot.com/2010/10/how-many_20.html

Charlie

Exeland, wi