Dairy Price Stabilization Plan Introduced in Congress
Posted by Brian Gould Mon, 17 May 2010 13:28:00 GMT
Rep. Jim Costa (D-Calif.) introduced the Dairy Price Stabilization Act to Congress last Wed.. Under the program, dairies can choose to maintain current production (plus an allowable year-over-year growth rate based on market conditions) or expand. If they expand, they would pay a fee during the first year of expansion which would be shared with farmers not expanding. A 24- member board of directors, including producers, processors and consumers, would be established to advise the Secretary of Agriculture on any necessary adjustments to program operations. In addition, the bill requires a vote by farmers to enact the program, and after three years after it starts, whether to continue it. For the full story click here. For a copy of the bill, click .