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Newspaper
Country Today
Location
Eau Claire, Wisconsin, United States of America
Date
Jun 29, 1977
Page
12
Wisconsin officials and dairy industry leaders clash over make price figures and barrel types in response to stockpiles. Officials defend fiber barrels for inspection ease while noting energy and environmental concerns. critics call for higher margins and more milk consumption to fix a glut.
University of Wisconsin economist Dr. Truman Graf analyzes a 19 cent per hundred M–W discount below the $9 support price for manufacturing milk testing 3.5 per cent butterfat. He quantifies nationwide losses of $222.8 million and Wisconsin losses of $37.5 million, and notes costs of production exceed the support level, challenging the fairness of current prices.
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