WASHINGTON, D.C. — The U.S. government is choosing to have some extra cheese.
Cheese surplus is at a 30-year high due to factors like higher milk production, more European exports and sluggish demand. U.S. dairy farmers have seen revenues drop by 35 percent in the last two years.
As a result, the government announced it's going to step in and buy $20 million worth of excess cheese from private inventories. The government then plans to give the cheese to food banks and pantries across the country.
The purchase comes two weeks after the U.S. Department of Agriculture announced $11 million in other assistance to dairy producers.
Cox Media Group
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