Legislators Push for Dairy Industry Bailout

Milk sales plummet as the vegan milk market explodes—and some members of Congress want taxpayers to pay for farmers’ losses.

With United States milk prices at historic lows, a bipartisan congressional contingent is urging Secretary of Agriculture Tom Vilsack to bail out the dairy industry with emergency financial assistance. In a letter, they wrote, “We encourage USDA to take any and all actions available in order to make an immediate market injection and offer financial assistance that will directly support US dairy farmers equally, while being cautious to not stimulate overproduction further.” Due mostly to milk overproduction that greatly exceeds consumer demand, farmers now get paid approximately 40 percent less than they did in 2014. Meanwhile, the global market for non-dairy milk products is expected to grow 15.5 percent (from $8.2 billion in 2014 to $19.5 billion by 2020). But the government gave the US dairy industry $5.6 billion in subsidies between 1995 and 2014, so Secretary Vilsack is expected to follow that precedent. In an email, a USDA spokesperson wrote that it “will do everything we can within our authorities to make sure our dairy producers have a strong, effective safety net, in addition to expanded market opportunities domestically and abroad.”


More News

Vegan Ice Cream Brand Raises $4 Million to Expand

Austin-based NadaMoo! secures new funding to help expand the national footprint of its coconut milk-based ice cream.
Read More »

Plant-Based Investors Unite to Form Influential Group

Trade group Plant Based Food Association welcomes 10 leading investment groups to help advance the vegan revolution.
Read More »

Vegan Burger Brand Incentivizes Restaurants with Cash

Impossible Foods asks fans to demand its vegan burgers at their local restaurants with a $200 incentive.
Read More »

Tyson Raises Stake in Vegan Brand Beyond Meat

The meat company is looking to expand its holding in the vegan company as the plant-based protein industry continues to boom.
Read More »

UK Supermarket Launches Vegan Mince Pies

Just in time for Christmas, Asda creates a new plant-based alternative to the traditional British sweet snack.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »