The USDA announced yesterday that it will buy 11 million pounds of cheese for approximately $20 million to help dairy farmers combat a cheese glut. The 2014 Farm Bill had authorized the USDA to purchase certain dairy products when margins got low. Currently, the margins are not quite to that level, however, the USDA has certain flexibility regarding what they can do to help.
This blog contains general information and does not constitute the rendering of legal, accounting, investment, tax, or other professional services. Consult with your advisors regarding the applicability of this content to your specific circumstances.
Want to learn more? Complete the form below and we'll be in touch. If you are unable to see the form below, please complete your submission here.Contact us