Is reverting to the 1949 Agricultural Act really a possibility for dairy price supports?
The short answer is a resounding “No!” according to Andrew Novakovic, professor of agricultural economics at Cornell University.
Responding to news coverage about what will happen to dairy prices when support programs expire at the end of this month, Novakovic said, “It is far easier to imagine, indeed to be confident, that Congress will pass a short-term extension and USDA will stall for time if it needs to do so."
Read Novakovic's full response in this Information Letter, "Is Reverting to the 1949 Agricultural Act Really a Possibility for Dairy Price Supports?"
For more information, contact Jerry Slominski, IDFA senior vice president of legislative affairs and economic policy, at email@example.com.