U.S. HAS LARGEST CHEESE SURPLUS IN ITS HISTORY
The United States of America reportedly has a 1.4 billion-pound cheese surplus.
The U.S. Department of Aggriculture says the surplus is the largest in its history.
NPR reports it's built up over several years due to excessive milk production, as Americans are drinking less milk, the excess of which gets turned into cheese.
Andrew Novakovic, professor of agricultural economics at Cornell University, spoke to Here & Now.
He said: "What has changed — and changed fairly noticeably and fairly recently — is people are turning away from processed cheese.
"It's also the case that we're seeing increased sales of kind of more exotic, specialty, European-style cheeses. Some of those are made in the U.S. A lot of them aren't.
"It's the same as it is for everything else: If you've got too much of something, the price has to go down until consumption rises.
"A lot of farmers would say, 'Well, make it stop.' But the fact of the matter is we're still pushing out a little bit more milk than we know what to do with.
"And really, it's not a big number, but until those two numbers get reconciled, we're going to continue to see these low prices."