U.S. Bails Out Chicken Industry; This Is The Time To Fill Your Freezer
First it was the automotive industry. Then it was the health care industry. Then Wall Street. Now the United States is bailing out the chicken industry -- to the tune of $40 Million.
Despite extraordinarily-low prices at the supermarket, there's a glut of chicken on the market. Apparently people aren't buying enough of it. So, to ease the financial strain on chicken farmers, the U.S. has placed a $40 million order for the birds.
This bailout follows a similar plan from 2010.
The government made a similar move with a $30 million purchases of chicken products last year and a $42 million purchase of chicken products on 2008 with the intention of stabilizing retail prices.
The USDA said funding for the special purchases comes from customs receipts.
For its part, the National Chicken Council welcomed the bail out.