In response to:

Want Milk?

FletchforFreedom Wrote: Dec 30, 2012 9:47 AM
This is why farmers engage in the futures markets to ensure price stability over the long haul (that some of the economically ignorant dismiss as "speculation". Using this widely used and available tool, farmers frequently set the price at the outset. You can check the prices on the commodity markets at any time and sell a contract for delivery at a given future date. One still faces the risk of crop failure, disease, etc. (for which insurance can be purchased) but price risk is easily dealt with in this fashion.

December 22, 2012

“Were we directed from Washington when to sow and when to reap,” Thomas Jefferson wrote in 1821, “we should soon want bread.”

And milk, no doubt.

“Add another, more prosaic item to the list of things Congress has left until the last minute to resolve this year: the price of milk,” The Washington Post reported last Thursday.

Yes, it’s true; our glad-handing representatives are set to thrust us off yet another cliff — this time “The Dairy Cliff.”

A major piece of the colossal...