Bill could provide new type of farm savings accounts

FRESNO, Calif.

The accounts would be similar to a 401K account, and would give producers a new tool to manage increased demand while providing a safety next for volatile market downturns.

The dairy industry has been struggling to recover from the 2009 crash in milk prices which affected many dairy producers -- especially those with a large overhead cost.

The bill was introduced last week and has now been referred to the Senate Finance Committee.

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