Senate approves $350 million help for dairy farmers
The Senate today voted 60 to 37 for an amendment by Sen. Bernie Sanders (I-Vt.) to provide an extra $350 million for milk price supports to increase government purchases of surplus dairy products.
Reducing supply will result in higher prices for dairy farmers desperate for help as they cope with the lowest prices in nearly four decades. The extra $350 million would provide farmers on average an estimated $1.50 extra per hundredweight, the industry's standard unit of measurement.