I also have problems with subsidies to big agribusiness. It's just another bailout, but nothing new. We've been propping these guys up for decades. Too bad it continues under Vilsack and Obama.
The federal government continued its effort to boost agricultural commodity prices today by announcing it will purchase an additional $25 million worth of pork.
The U.S. Department of Agriculture also said it will buy $60 million of turkey, $2 million of lamb and $29.7 million of walnuts.
Last week, the USDA bought approximately 200 million pounds of nonfat dry milk to help the dairy industry.
The purchases are in addition to the ones the USDA makes annually for federal food programs.
The food will go to federal food nutrition assistance programs, such as school lunches.
Pork farmers have been losing an average of $20 on each hog marketed since October 2007, according to the U.S. Pork Producers. And economists have said dairy producers are losing an average of $3 per cow per day.