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July 31: NFFC Believes Dairy Support Price Increase Unlikely to Stop Farm Bankruptcies (07.31.09) – NFFC today warned Secretary Tom Vilsack that USDA’s plans to temporarily raise cheese and nonfat dry milk prices through the Dairy Product Price Support Program (DPPSP) still falls far short of a real remedy to stop the imminent bankruptcies of dairy farmers across the country. The increase in dairy support price is likely to only produce a Class III price under $12 when costs of production for dairy farmers ranges from $17-30. Paul Rozwadowski said, “We need at least an $18 emergency floor price on all manufactured milk to be able to stay in business and survive. This would be a much less costly solution than USDA simply buying up more products.”

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