Will Milk Become America's New Oil? »
Posted By Neophile 1 year, 4 months ago in StyleDairy market forecasters are warning that consumers can expect a sharp increase in dairy prices this summer. By June, the milk futures market predicts, the price paid to farmers will have increased 50 percent this year.
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jonmaverick1 year, 4 months ago
So, we're growing more corn to produce ethanol, which almost nobody uses, driving up the price of milk, which almost everyone uses. Meanwhile, the profits from oil sales will continue to increase, while the profits from milk sales (for the farmers) will stay about the same. Does anybody else think American economics is stupid sometimes?
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david_nwpa1 year, 4 months ago
I have three children and live in PA. One gallon of milk lasts about two days. A gallon of gasoline lasts me about a half hour, but it gets me to work. I am not sure which one if either I could sacrifice.
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RickyDawkins1 year, 4 months ago
Consider that we have some real alternatives to dairy products (soy), whereas with petroleum, we are very dependent at the moment.
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palamaComment removed: User banned.
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david_nwpa1 year, 4 months ago
Agreed. Not to mention someone having to pay to raise and ship the corn used to feed the animals.
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truthiness1 year, 4 months ago
therefore, if you have money to invest you should invest in milk futures now, and then sell in october before the milk market plummets.
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catstevensComment removed: User banned.1 Reply
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not2needy1 year, 4 months ago
That is an issue i addressed on another thread yesterday.
The rising cost of gas isn't the end of price gouging, everyone is going to get in on the action, and our govt is going to let them, just as long as their greedy palms are greased in the meantime.
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ClickHere1 year, 4 months ago
Read this story seeing the title :), anyway seems these drastic price increase are going to effect a lot
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