European GI agenda on US farmers and cheese industry labeled as disastrous

October 2, 2017 – According to an independent economic analysis commissioned by Consortium for Common Food Names (CCFN), surrendering to the European Union’s agenda for the seizure of common food names would cost the US dairy industry up to $59 billion in revenues over 10 years and slash domestic cheese consumption up to one-fifth.

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At today’s prices, the decline in cheese consumption could amount to $2.3 billion in lost sales in three years, and $5.2 billion in 10 years. It could push dairy farm balance sheets below the break-even point for six out of 10 years and force thousands of farms out of business. It would also raise prices and reduce choices for consumers and hurt the overall US economy, the analysis said.

Senate Agriculture Committee Chairman Pat Roberts (R-Kans.) added that, if the US gives in to Europe’s demands, it will impact the US economy “from the dairy farmer to the local grocer to the consumer at home.” House Speaker Paul Ryan (R-Wis.) used the unveiling of the study to reiterate that free trade is not possible under Europe’s GI scheme, while Rep. Peter Welch (D-Vt.) Co-Chair of the Congressional Dairy Farmer Caucus, said that Europe’s GI agenda “must be rejected.”

Jim Mulhern, president and CEO of the National Milk Producers Federation, said the study, done by Informa Economics IEG, showed that Europe’s GI agenda would do “severe damage” to the US dairy industry.

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