So I heard that American diary farmers are dealing with the lowest prices for milk since the Great Depression (The New Yorker). That’s pretty low. Up in Canada, the pressure is so intense the suicide rate has risen. It’s a classic case of too much supply and/or lack of demand.
Fortunately, a dry season in New Zealand is lowering the supply of dairy there (Stuff Co). And farmers, in America as anywhere, can sell their inventory online — it’s the wave of the future now, this online buy-sell platform for commodities and agriculture. And in fact, prices have been rising since New Zealand’s dairy constraints were announced on New Year’s Eve. “Fonterra farmers will produce 4 per cent less milk this season than last as the co-operative has announced it will be taking “volumes” of product off the Global Dairy Trade (GDT) platform.”
In the future, farmers ought to make it a habit to search for shortages around the world that they might be able to sell online or get the other party onto the same platform to buy from them.