As a result of the current dairy surplus in the United States, the USDA has purchased 11 million pounds of surplus cheese from private producers for approximately $20 million. The agency will distribute the cheese to food banks and other assistance programs across the country.
The USDA stated that the purchase was made to reassure dairy producers, who have seen revenues drop 35 percent over the last two years. The current dairy surplus and loss of revenue for producers is largely due to the strong U.S. dollar, which makes domestic products less appealing to the international market.
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