3 ms·
China is a massive consumer of dried milk powder. I wonder if the trump tariffs have anything to do with the changing demand for US milk.
by jacob019 8y ago
China is a massive consumer of dried milk powder. I wonder if the trump tariffs have anything to do with the changing demand for US milk.
- Taniwha 8y agoBound to be, but also some competitors on the international market like New Zealand (which has no government price supports or subsidies), have free trade agreements with China. If you become insular and erect tariff walls people play where there are none and they make more money. The real problem is govt price supports, often brought in to tide people over for a year, once people start to depend on them they really stop working, you get stuck with inefficient industries when people should be growing something else, or simply be in another business. When NZ cut all farm subsidies back in the 80s farmers formed farmer cooperatives, in the dairy industry they now own most of the back end milk processing infrastructure, they're big enough that they are big players on the world markets, and the profits go back to their owners