994
This tweet was from 2022. Can someone go check if the prediction came true?
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The US government heavily subsidizes dairy. They also subsidize soy, but it's $20B for dairy and $4B for soybeans. The price of milk is below production costs.
Ahh that makes a lot of sense. I also wonder if the soy subsidy directly affects soymilk/human products or if it's mostly for animal feed?
I tried to figure that out, but the answer proved elusive. Soybeans grown in the US are mostly used as feedstock though (about 70%).
Appreciate the effort! I didn't realize it would be as high as 70%!