From The Dairy Crisis To Rising Interest Rates, An Agricultural Economist Answers

In face of the recent dairy price crisis, the focus has been on making the U.S. dairy support system more robust, with no real energy on the supply control side. Since dairy is increasingly a global market, it is hard to see a policy solution to this crisis. If low prices continue, that will reduce farmers' incentives to adopt new technologies, and over time demand might finally catch up with supply, but it could be a long hard slog to get there.