GG Daiey Demonstration Work in !N^e"w York State 



from more certain and increased production, I now turn to the 

 rather diflicult proposition of considering a direct money profit 

 to the dairyman. Naturally, one's first thought is profit from an 

 increased price. I am a dairyman with from forty to fifty milch 

 cows. On them I depend to a large degree for necessary income. 

 I realize full well that the margin of profit is not so large as it 

 should be, considering the capital and the labor invested. l^o 

 one would more gladly welcome an advance in price than I. 

 Such advance has come during the years, but always contem- 

 porary with an increased cost of production or of better quality. 

 I can see no reason why different conditions should exist in the 

 future. 



We cannot igTiore the fact that in the last analysis, values 

 are based on the law of supply and demand. Many have tried, 

 but no one has ever succeeded in maintaining a corner on any 

 of the world's gi*eat staples in the face of a large production. 

 This is particularly true of a perishable product such as milk. 

 If the large handlers were able to obtain a supply always com- 

 mensurate with their daily needs, the price could be materially 

 increased. In view of the variable supply, they must have a 

 surplus, which, when not needed for consumption as milk, must 

 be turned into manufactured articles. For the major part of the 

 year, there is fully as much milk offered as the market needs. 

 When the surplus is turned into butter and cheese, we are com- 

 peting with the w^hole world. The great ISTorthwest and a large 

 portion of Canada is dotted with creameries and cheese factories, 

 the product of which both quickly and cheaply reaches our great 

 eastern centers. In normal times the price of these commodities 

 is affected by the price in the English market. These are supplied 

 from Canada, Denmark, and Australia. The problem is there- 

 fore a complex one. The first step, then, to obtain an increased 

 price for milk in our great cities is to regulate the quantity 

 shipped by local control of the surplus. 



It is true, the consumer obtains more real food value in milk 

 than in almost any other article he buys, and for this reason the 

 consumjDtion might be largely increased. A few years ago an 

 attempt was made on the part of the large handlers to raise the 



