EU Farmers Cry Over Spilled Milk

Dairy farmers in the EU are upset that milk prices are lower than they prefer. Production quotas were raised by two percent in April. The farmers have several options for raising their prices:

A) Produce less milk; scarcer supplies mean higher prices.

B) Move into a different, more lucrative line of work.

C) Mail 10,000 liters of milk to Brussels in protest, where bursting cartons and no refrigeration have raised quite the stink.

Needless to say, farmers decided on option C. Note that milk prices are actually 32% to 74% higher than they were a year ago.

If this is how farmers react to a two percent quota increase, imagine what they would do if the EU were to reform its Common Agricultural Policy…

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