A Milk Surplus in the United States

It seems that the United States has been producing too much milk. Prices that are paid to farmers for milk have reached the lowest they have been since 2003, six years! According the the United Stated Department of Agriculture, the price per one hundred pounds of milk has dropped to $10.72 for this month. In January, just last month, it was $5.02 higher than it is right now. And it has dropped over $8 from last year. This is because of the global economic downturn. The demand for milk has decreased, but we have still been producing the same amount of milk. Since the demand for milk is much less than it has been, the prices of this product have dropped significantly. The United States is now experiencing a surplus in milk.