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Nobody Is Moving Our Cheese: American Surplus Reaches Record High


Added 01-09-19 06:06:02am EST - “Americans consumed almost 37 pounds per capita in 2017, but that wasn't enough to reduce the country's 1.4 billion-pound cheese surplus. The stockpile of cheese started to build several years ago.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Nobody Is Moving Our Cheese: American Surplus Reaches Record High ”. Below is an excerpt from the article.

Cheese is packaged for sale at Widmer's Cheese Cellars on June 27, 2016 in Theresa, Wisc. Record dairy production in the U.S. has produced a record surplus of cheese causing prices to drop. Scott Olson/Getty Images hide caption

Cheese is packaged for sale at Widmer's Cheese Cellars on June 27, 2016 in Theresa, Wisc. Record dairy production in the U.S. has produced a record surplus of cheese causing prices to drop.

While Americans consumed nearly 37 pounds per capita in 2017, it was not enough to reduce the country's 1.4 billion-pound cheese surplus, according to the U.S. Department of Agriculture. The glut, which at 900,000 cubic yards is the largest in U.S. history, means that there is enough cheese sitting in cold-storage to wrap around the U.S. Capitol.

The stockpile started to build several years ago, in large part because the pace of milk production began to exceed the rates of consumption, says Andrew Novakovic, professor of agricultural economics at Cornell University.

Over the past 10 years, milk production has increased by 13 percent due to high prices. But what dairy farmers failed to realize was that Americans are drinking less milk. According to data from the USDA, Americans drank just 149 pounds of milk per capita in 2017, down from 247 pounds in 1975.

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