Episode 1: “Volatility”
In The Dairy Download’s premiere episode, Plourd and Wolfley focus on how the COVID-19 pandemic has helped stir up unprecedented volatility, while exposing government’s invisible hand (or perhaps just it’s thumb, resting on the scales of the market) during this unprecedented crisis. Joe Glauber, senior research fellow at the International Food Policy Research Institute and former chief economist with the U.S. Department of Agriculture, breaks down the federal government’s intervention in food and commodities, and explores the pros and cons of direct payments and purchase programs over more traditional safety nets. Marin Bozic, an assistant professor in Dairy Foods Marketing Economics at the University of Minnesota, discusses dairy market volatility, and offers insight into possible solutions with price reporting and risk management.
Our sponsor for today’s show is the good folks at Stanpac. For 70 years, Stanpac has been manufacturing milk and ice cream packaging for companies located throughout North America. Contact Stanpac and experience their legendary service. Visit www.stanpacnet.com to learn more.