![]() While the donation was mostly moldy, it was forwarded on to hungry people. Last year, the stockpile was at 1.39 billion pounds, a six-percent increase from the prior year. The bitter taste left in the mouths of the American people would soon be replaced with something between Velveeta and cheese singles, as the Special Dairy Distribution Program enacted by President Ronald Reagan shelled out 14 million kilograms (30 million pounds) of cheese to nonprofit organizations. Decem740 Shares Excess cheese in the United States currently amounts to 1.4 billion pounds the largest stockpile of cheese reported in the last 100 years. If you redeem a Stockpile gift card for a security or cryptocurrency, you will receive fractional shares. It is not a stock, security, or cryptocurrency, or a recommendation to buy any specific stock, security, or cryptocurrency. A Stockpile gift card has a fixed value and is redeemable for stock or cryptocurrency. ![]() At a time when families were relying on food stamps, here sat mountains of uneaten dairy that was beginning to rot. had 95.2 million pounds of surplus cheese, the highest level since 1984, and 28. Stockpile gift cards are issued by Stockpile Gifts, Inc. It calls to mind the EU’s once infamous butter mountains and milk lakes, and its current mountain of milk powder. The massive stockpileestimated worth 4 billion was kept safe deep inside Missouri caves. The US government cheese stockpile is what happens when government interferes in the market to ‘protect’ producers. The great gluts of dairy were stored in more than 150 warehouses across 35 states, anthropologist Bradley N Jones writes in The Oxford Companion to Cheese, and it wasn’t long until the press caught whiff of a scandal. Its production has nothing to do with demand, but is down to the lobbying of the American Dairy Association. Cheese was of particular interest as it would be better suited for storage, and by the early '80s, the government found themselves with around 227 million kilograms (500 million pounds) of cheese on their hands. A sizable cash injection of $2 billion in federal funds worked (if anything, too well) as the dairy workers churned (pun intended) out as much product as they could, safe in the knowledge that any excess would be bought up by the government.
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