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The Problem of Dairy Surpluses

Wisconsin College of Agriculture, Madison

ABSTRACT

During the first 10 months of 1953 the federal government purchased approximately 350 million pounds of butter, or an average of over a million pounds per day. It purchased 70% as much in those 10 months as in all of the 13 years 1933–41, and 1949–52, leaving out the World War and immediate postwar years 1942–48. Purchases of butter during those 10 months were equal to about three months of domestic consumption at present rates and over two months' supply was still on hand in November.

Cheese purchases during the same 10 months totaled 275 million pounds, of which over 90% was still on hand at the end of the period. These purchases were half again as much as those made by the government during the 13 year period just referred to, and equal more than two months' consumption of all types of cheese.