The federal agency is buying 11 million pounds of cheese to combat a weak market and stock food banks across the country.
Already existing grain surpluses combined with a nearly 30 percent increase this year means farmers are losing money and places to store grain.
Good for your taste buds, bad for the economy: U.S. has its largest cheese surplus in over 30 years.
With U.S. milk production booming and consumption dropping, dairy farmers in the US and Canada are burying surplus supplied because they can’t find buyers.
Extreme heat has damaged this year's corn supply, and it could translate to higher food prices down the road.