New York senators are pushing for $60 million for dairy farmers struggling during the current hard times.
“The dairy industry is suffering mightily right now,” Catharine Young told the Chautauqua County Farm Bureau during at its annual meeting. “This is more like a depression than anything else for the dairy industry.” Young feels that $60 million would stimulate the rural economy.
Young proposed the 2009 Dairy Investment Act for immediate assistance to farmers who cannot afford loans or have maxed their credit out.
The USDA will be receiving $290 million set to aid dairy farms across the country, and $45 million is expected for New York farms. Despite this, New York farmers will suffer $400 to $600 million in losses this year. New York is the third-leading dairy producer in the country.
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