They say there are only four people who understand milk pricing and three of them are dead. Lucky for us, John Newton, Chief Economist of the American Farm Bureau Federation is the one who's alive. He joins me for an informative discussion on milk pricing. Milk pricing — not necessarily what the consumer pays at Kroger, but the pricing for producers — is set through a complex formula originally created by an act of government in 1933. You'll find this educational and slightly entertaining. Sponsored by Harvest Profit harvestprofit.com
The Business of Agriculture Podcast