With the EU ending their supply managed Quota system , the EU has more than double milk production. Russia banned the importation of EU dairy products in retaliation for the stand that the EU took on the Russians in the Ukraine, thus forcing even more dairy out on to the world market . Mean while the EU heads in Brussels give Billions of Euros to cash strapped EU farmers to keep them from protesting in the streets. The world is a wash with milk , because governments like to have cheap food for their people , and create policies to arrive at this end . Politicians care only about getting elected , not about farmers. Where will this all end ? Hard to tell , but this is not a normal boom to bust cycle . This is globalization at it's worst. We are all racing each other to the bottom . I see a return to "protectionist" policies coming , just look how the UK has now voted to leave the EU. Britain was being plundered of it's industry , and overwhelmed with cheap imports from poorer EU nations. Sound familiar ?
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Today's Featured Article - Good As New - by Bill Goodwin. In the summer of 1995, my father, Russ Goodwin, and I acquired the 1945 Farmall B that my grandfather used as an overseer on a farm in Waynesboro, Georgia. After my grandfather’s death in 1955, J.P. Rollins, son of the landowner, used the tractor. In the winter 1985, while in his possession the engine block cracked and was unrepairable. He had told my father
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