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Kraft Shutdown Later, Then Ripples

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When Kraft ceases cheese production in Canton, the economic effects will be significant, but not bad enough to force many farmers out of business. That's according to Chuck Nicholson, a senior research associate at Cornell University. He prepared a computer model of a Kraft shutdown based on national markets. It predicts a drop in milk prices, the lowest in St. Lawrence County, with ripples felt throughout the Northeast. Speaking with David Sommerstein, Nicholson estimates the average dairy farm could lose up to $12,000. New York could lose $18 million statewide.

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David Sommerstein
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