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Let’s imagine a worst case MPP scenario

Date: 
Fri, 10/24/2014

Dairying would be in profound trouble if the government had to make full payments.

dairy economist Scott Brown

by Dennis Halladay, Hoard’s Dairyman Western Editor

Thousands of pages have been written about what the Margin Protection Program for Dairy (MPP) is and how it will work. This isn’t another one.

Instead, it’s a highly unlikely, but still reality-based, look at what it might take for every dairy that signs up for MPP to collect maximum payments during 2015 – payments that, frankly, would mean the dairy industry was in dire trouble if they occurred.

The short version: imagine 2009 all over again.

The long version is serious food for thought from dairy economist Scott Brown (pictured above) at the University of Missouri, who helped USDA design the program. Read more

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