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| 1/30/2009 9:40:00 AM
KLA: Dairy Buyout Not Included In House Stimulus Package
Neither the stimulus package passed by the full U.S. House or the version under consideration in the U.S. Senate contains a government-funded dairy buyout program. Contrary to earlier reports, the National Milk Producers Federation (NMPF) is not seeking the inclusion of a buyout in the stimulus bill.
NMPF members prefer a voluntary, industry-funded herd reduction through the Cooperatives Working Together (CWT) program. The KLA Dairy Committee supports the self-help approach represented by CWT as opposed to a government buyout.
Farm-level milk prices are nearly 50% less than a year ago, according to NMPF. When combined with historically high input costs, this is forcing liquidation in the dairy herd.
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No Buy out
