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Butter Mountain
The butter mountain is a supply surplus of butter produced in the European Union because of government interventionism that began in the 1970s. The size of the surplus changed significantly over time and mostly disappeared by 2017, which led to shortages. Other surpluses were described as ''beef mountains'', ''milk lakes'', ''wine lakes'' and ''grain mountains''. Excesses existed because the agricultural policies were designed to stabilise prices for farmers and consumers and to ensure that there was enough produce at all times, but production varied from year to year, so in most years there was an excess. Excesses were often sold off cheaply either within the EU or to other markets. History Agricultural underproduction in the 1950s led to a series of market interventions, including the Common Agricultural Policy (CAP). Governments subsidised milk production by a guaranteed minimum intervention price for dairy products. This led to a surge in the production of grain, milk, b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milk Quota
A milk quota or dairy produce quota was a historical measure used by the United Kingdom government to intervene in agriculture. Originally introduced to reflect the agricultural policies of the European Economic Community, the quota's purpose was to bring rising milk production under control. Milk quotas were attached to land holdings and represented a cap on the amount of milk that a farmer could sell every year without paying a levy. Milk quotas were assets and could be bought and sold or acquired or lost by other means and so there was a market for them. Milk quotas were withdrawn on 31 March 2015. History Milk quotas were first introduced in the United Kingdom on 2 April 1984 under the Dairy Produce Quotas Regulations 1984, which reflected the then European Economic Community (now the European Union's) Common Agricultural Policy. Originally, they were to run until 1989, but they were extended several times, and were not renewed for the period following 31 March 2015. Each ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Butter
Butter is a dairy product made from the fat and protein components of Churning (butter), churned cream. It is a semi-solid emulsion at room temperature, consisting of approximately 81% butterfat. It is used at room temperature as a spread (food), spread, melted as a condiment, and used as a Cooking fat, fat in baking, sauce-making, pan frying, and other cooking procedures. Most frequently made from cow's milk, butter can also be manufactured from the milk of other mammals, including Sheep milk, sheep, Goat milk, goats, Buffalo milk, buffalo, and Yak milk, yaks. It is made by churning milk or cream to separate the fat globules from the buttermilk. Dairy salt, Salt has been added to butter since antiquity to help Food preservation, preserve it, particularly when being transported; salt may still play a preservation role but is less important today as the entire supply chain is usually refrigerated. In modern times, salt may be added for taste and food coloring added for color. Kit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wine Lake
Wine lake is a cultural phrase referring to the phenomenon of perceived overproduction of wine in the European Union. The phenomenon first came in perception & persistence around the mid-1980s and reemerged in the mid-2000s as a significant issue. The EU's Common Agricultural Policy contained a number of subsidies for wine producers, leading to a supply glut. This surplus forced an overhaul of EU farm policies. In 2007 it was reported that for the previous several vintages, Europe had been producing 1.7 billion more bottles of wine than they sold. Hundreds of millions of bottles of wine had been turned into industrial alcohol every year, a practice that had sometimes been described as "emergency distillation" at a cost to taxpayers of €500 million per year. A major contributor was reported to be Languedoc-Roussillon wine production, which used one third of the grapes grown in France. One of the proposed remedies to wine lake was Plan Bordeaux, an initiative introduced i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Cheese
Government cheese is processed cheese provided to welfare spending, welfare beneficiaries, Supplemental Nutrition Assistance Program, Food Stamp recipients, and the elderly receiving Social Security (United States), Social Security in the United States, as well as to food banks and churches. This processed cheese was used in military kitchens during World War II and has been used in schools since the 1950s. Government cheese is a commodity cheese that was controlled by the US federal government from World War II to the early 1980s. It was a byproduct of maintaining an artificially high (and stabilized) price of milk through agricultural subsidy, dairy industry subsidies, which produced a overproduction, surplus that was in turn converted into cheese, butter, and powdered milk. The excess after designated uses was stored in over 150 warehouses across 35 states, creating a strategic Federal food reserve available for unexpected surges in demand (such as disaster relief) and cris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, '' Bloomberg Businessweek'', '' Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has been editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bundestag
The Bundestag (, "Federal Diet (assembly), Diet") is the lower house of the Germany, German Federalism in Germany, federal parliament. It is the only constitutional body of the federation directly elected by the German people. The Bundestag was established by Title III of the Basic Law for the Federal Republic of Germany () in 1949 as one of the legislative bodies of Germany, the other being the German Bundesrat, Bundesrat. It is thus the historical successor to the earlier Reichstag (Weimar Republic), Reichstag. The members of the Bundestag are representatives of the German people as a whole, are not bound by any orders or instructions and are only accountable to their conscience. As of the current 21st Bundestag, 21st legislative period, the Bundestag has a fixed number of 630 members. The Bundestag is elected every four years by German citizens aged 18 and older. Elections use a mixed-member proportional representation system which combines First-past-the-post voting for co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Powdered Milk
Powdered milk, also called milk powder, dried milk, or dry milk, is a manufactured dairy product made by evaporating milk to dryness. One purpose of drying milk is to preserve it; milk powder has a far longer shelf life than liquid milk and does not need to be refrigerated, due to its low moisture content. Another purpose is to reduce its bulk for the economy of transportation. Powdered milk and dairy products include such items as dry whole milk, nonfat (skimmed) dry milk, dry buttermilk, dry whey products and dry dairy blends. Many exported dairy products conform to standards laid out in ''Codex Alimentarius''. Powdered milk is used for food as an additive, for health (nutrition), and also in biotechnology (saturating agent). History and manufacture While Marco Polo wrote of Mongolian Tatar troops in the time of Kublai Khan who carried sun-dried skimmed milk as "a kind of paste", the first modern production process for dried milk was invented by the Russian doctor Osi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Food And Agriculture (Germany)
The Federal Ministry of Agriculture, Food and Regional Identity (; abbreviated BMLEH) is a cabinet-level ministry of the Federal Republic of Germany. Its primary headquarters are located in Bonn with a secondary office in Berlin. From 1949 to 2001 it was known as the Ministry for Food, Agriculture and Forests (). Through an organizational order by the German Chancellor on 22 January 2001, it became the Federal Ministry for Consumer Protection, Food and Agriculture after the consumer protection function was transferred from the Federal Ministry for Health (). The name Federal Ministry for Food, Agriculture and Consumer Protection () was adopted on 22 November 2005 simply to alphabetize its functional parts in the German language. Due to the political restructurings of the 18th German Bundestag in December 2013 the division "Consumer Protection" was transferred to the Federal Ministry of Justice and Consumer Protection. Organization The current Minister for Food and Agricul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Der Spiegel
(, , stylized in all caps) is a German weekly news magazine published in Hamburg. With a weekly circulation of about 724,000 copies in 2022, it is one of the largest such publications in Europe. It was founded in 1947 by John Seymour Chaloner, a British army officer, and Rudolf Augstein, a former ''Wehrmacht'' radio operator who was recognized in 2000 by the International Press Institute as one of the fifty World Press Freedom Heroes. is known in German-speaking countries mostly for its investigative journalism. It has played a key role in uncovering many political scandals such as the ''Spiegel'' affair in 1962 and the Flick affair in the 1980s. The news website by the same name was launched in 1994 under the name '' Spiegel Online'' with an independent editorial staff. Today, the content is created by a shared editorial team and the website uses the same media brand as the printed magazine. History The first edition of was published in Hanover on Saturday, 4 Januar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overproduction
In economics, overproduction, oversupply, excess of supply, or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. In lean thinking, overproduction of goods or goods in process is seen as one of the seven wastes (Japanese term: '' muda'') which do not add value to a product, and is considered "the most serious" of the seven.EKU OnlineThe Seven Wastes of Lean Manufacturing ''Eastern Kentucky University'', accessed 6 March 2023 Overproduction is often attributed to previous overinvestment – creation of excess productive capacity, which must then either lie idle ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
