The American Farm Bureau Federation asked the USDA to make an emergency milk price formula change to prevent further financial losses for producers.
Economist Danny Munch tells Brownfield Farm Bureau generally opposes legislative overrides, but with the fallbacks of the “average of” Class I price mover, they want USDA to move back to the older “higher of” formula in the most expedient manner possible. “Even in the past two months, over 90 million dollars in pool-associated losses because of the formula switch.
