Donald Trump has made clear that he wants to build a wall on the U.S.-Mexican border, but today the U.S. and Mexican dairy industries decided that one needs to come down, and it is located elsewhere. Overproduction Support The EU’s Common Agricultural Policy (CAP) support may have not only encouraged Spanish farmers to grow too many olives and ship them to the U.S., but it also has resulted in too many peaches and nectarines. As a result, taxpayers will pay to remove the excess from the immediate fresh market for processing into juice. The cause of the overproduction is reportedly not the Russian import barriers, which have been reoccurring for years, but instead attributed to “structural imbalances.” Effectuating the adjustment of such i...

TAGS – Livestock, Softs, North America