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Here's why milk costs so much

DoubtingDave
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1/26/2013 3:57:51 PM
Posted: 3 years ago
STATE Regulators Punish Grocery Chain for Selling Milk at Low Prices


Louisiana state regulators recently cracked down on a supermarket chain"s weekly promotional deal because it was selling milk too cheaply " which violates state law.

The upscale Fresh Markets was selling gallons of milk for $2.99 as part of a weekly promotional deal. Louisiana requires that retailer price markups be at least six percent above the invoice and shipping costs of the product.

"Because milk is a commodity product with regulated costs that are subject to change, at the current cost, due to Louisiana state law, we are unable to honor the $2.99 Tuesday deal for (Fresh Market) milk," according to a statement from Drewry Sackett of BRAVE Public Relations, who represents Fresh Market. "Because the cost of milk fluctuates, it is possible that we will be able to offer the $2.99 deal on milk again in the future."



http://dailycaller.com...

http://www.capitalismisfreedom.com...

This is just ridculous!
The Great Wall of Fail

"I have doubts that anti-semitism even exists" -GeoLaureate8

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"And whats so bad about a Holy war? By Holy war, I mean a war which would aim to subdue others under Islam." -Ahmed.M

"The free market didn't create the massive wealth in the country, WW2 did." -malcomxy

"Independant federal regulators make our capitalist society possible." -Erik_Erikson
DoubtingDave
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1/26/2013 4:58:10 PM
Posted: 3 years ago
At 1/26/2013 4:25:25 PM, royalpaladin wrote:
Can you link to the text of the law instead of the lies that store managers post? Thanks.

It's under

LOUISIANA ADMINISTRATIVE CODE
TITLE 7 " AGRICULTURE AND ANIMALS
Part XXXI. Milk, Milk Products and Substitutions

"...a markup to cover a proportionate part of the cost of doing business, direct and indirect, which markup, in the absence of proof of a different cost, shall be no less than 6 percent of the invoice cost to the retailer after adding freight charges..."

...

"...all freight charges not otherwise included in the invoice which shall, in the absence of proof of a different amount, be presumed to be 6 percent of the invoice cost for inbound freight and 12 percent of the invoice cost for outbound freight as applicable..."

http://tinyurl.com...
The Great Wall of Fail

"I have doubts that anti-semitism even exists" -GeoLaureate8

"Evolutionists think that people evolved from rocks" -Scotty

"And whats so bad about a Holy war? By Holy war, I mean a war which would aim to subdue others under Islam." -Ahmed.M

"The free market didn't create the massive wealth in the country, WW2 did." -malcomxy

"Independant federal regulators make our capitalist society possible." -Erik_Erikson
DoubtingDave
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1/26/2013 4:59:38 PM
Posted: 3 years ago
At 1/26/2013 4:26:03 PM, royalpaladin wrote:
Oh, and Louisiana is a hardcore red state, by the way, which makes me doubt that story.

I understand, but unfortunately those hardcore red states are some of the most repressive in personal freedom and still highly restrictive in economic freedom. Texas, for example, has less regulations on guns and businesses, but can take your property via Eminent Domain or just seize your property for no reason!
The Great Wall of Fail

"I have doubts that anti-semitism even exists" -GeoLaureate8

"Evolutionists think that people evolved from rocks" -Scotty

"And whats so bad about a Holy war? By Holy war, I mean a war which would aim to subdue others under Islam." -Ahmed.M

"The free market didn't create the massive wealth in the country, WW2 did." -malcomxy

"Independant federal regulators make our capitalist society possible." -Erik_Erikson
royalpaladin
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1/26/2013 5:28:58 PM
Posted: 3 years ago
Yeah, I understand that red states are more restrictive in terms of non-economic liberty. This surprises me. I'm actually shocked that Bobby Jindal, the king of privatization of public resources, would allow this regulation to occur.

Eminent domain exists in blue states too. There's a big controversy at my college about its use to take lands from poor people for a new science building.
DoubtingDave
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1/26/2013 5:45:24 PM
Posted: 3 years ago
At 1/26/2013 5:28:58 PM, royalpaladin wrote:
Yeah, I understand that red states are more restrictive in terms of non-economic liberty. This surprises me. I'm actually shocked that Bobby Jindal, the king of privatization of public resources, would allow this regulation to occur.


As am I

Eminent domain exists in blue states too. There's a big controversy at my college about its use to take lands from poor people for a new science building.

True. though I think Texas is the worst, or at least one of the worst. It is even worse than California which is terrible with businesses and spending.
The Great Wall of Fail

"I have doubts that anti-semitism even exists" -GeoLaureate8

"Evolutionists think that people evolved from rocks" -Scotty

"And whats so bad about a Holy war? By Holy war, I mean a war which would aim to subdue others under Islam." -Ahmed.M

"The free market didn't create the massive wealth in the country, WW2 did." -malcomxy

"Independant federal regulators make our capitalist society possible." -Erik_Erikson
malcolmxy
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1/26/2013 5:48:39 PM
Posted: 3 years ago
This stops predatory business practices of loss leading to put smaller competition out of business by larger entities who can sustain losses at various locations in the short run.

You don't like it? Go picket Walmart. I can almost guarantee the law was put into place when Walmart began sweeping through that state.

It is a law which protects small business, and a good one.
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R0b1Billion
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1/26/2013 5:51:15 PM
Posted: 3 years ago
Many services which are essential are designated for socialism. You can act like a socialist and abhor the reasons that capitalism is unfit for essential goods and services, or you can act like a capitalist and abhor socialism for being necessary for the ethical adjustment.

Super-low cost milk is not a good idea. Simply put, by under-pricing milk, you are not really saving money, you are simply borrowing it and then paying it back with interest in indirect ways. These are called externalities. A few possible ones I can think of:

- use of unwanted substances in production (hormones, antibiotics, lower quality animal feed)
- low wages for dairy workers
- problematic animal ethics (knocking, continuous pregnancy for milk production, living conditions)
- advantages to bigger suppliers
- over-production of milk and resulting resource and pollution problems (manure, water, etc.)

There's also the appreciation we have for the product. Most people believe milk is a white liquid that Wal-mart's shelves grow for us while we're sleeping. Maybe it's harder for me in Wisconsin, seeing that I have to look into the eyes of the cows they ship in on large cattle trucks ready for slaughter. They pull up next to me on occasion near the slaughter-houses, sticking their noses out of the cage slightly to try and get a sniff of me while I just stare and wonder how bloody a death the one I'm looking at is moments away from suffering. 100 years ago I would be standing here looking into the eyes of a free animal, full of life and a master of her environment. As the carbon monoxide fumes envelop us and the light turns green, I drive off trying to forget the last time I stopped at a fast food restaurant for a cheaper-than-imaginable hamburger.

I wonder what natives of India must think about us.
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DoubtingDave
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1/26/2013 7:01:18 PM
Posted: 3 years ago
At 1/26/2013 5:48:39 PM, malcolmxy wrote:
This stops predatory business practices of loss leading to put smaller competition out of business by larger entities who can sustain losses at various locations in the short run.

Businesses in the area have two choices: Either lower their prices as well, or suffer the loss to the other company - this goes with either the big business or the small business.

Moreover, if this were true, wouldn't it make much more sense if the big corporations were forced to hike up the prices of milk and allow smaller businesses to lower their prices to coerce people to buy from the small companies?


You don't like it? Go picket Walmart. I can almost guarantee the law was put into place when Walmart began sweeping through that state.


These regulations were actually in place since the 30s.

It is a law which protects small business, and a good one.

It hurts all businesses, and consumers; it is a terrible regulation.
The Great Wall of Fail

"I have doubts that anti-semitism even exists" -GeoLaureate8

"Evolutionists think that people evolved from rocks" -Scotty

"And whats so bad about a Holy war? By Holy war, I mean a war which would aim to subdue others under Islam." -Ahmed.M

"The free market didn't create the massive wealth in the country, WW2 did." -malcomxy

"Independant federal regulators make our capitalist society possible." -Erik_Erikson