Subsidies distorting the market largely. Farmers continue to use rBST to over produce milk, and the fed pays to destroy some of it to avoid collapsing the market.
The situation would sort itself out better if we’d left it the hell alone, but now the pain that correcting this situation will cause is significant
Is this one of those purposeful sorts of policies where the government decided artificially ensuring too much food being produced is better than letting the amount of food produced naturally bounce between too much and too little, preferring the comfort of waste to the possibility of occasional famine?
Possible, but one could accomplish that without adding rBST into the equation. Letting farmers purposefully jack up production and then paying them to destroy the excess product is just incoherent policy.
The situation would sort itself out better if we’d left it the hell alone, but now the pain that correcting this situation will cause is significant