"What, in your opinion, is the net result of these kinds of programs?"
"we are really talking about what are the potential solutions, both short term and long term."
"And capital requirements. I want to get to your argument that you thought the reason why we needed to have an OTC market was because there would be no capital requirements."
"I want to know your opinion on whether we should develop a regulatory structure for carbon trading that is distinct from other commodities."
"So you are saying that the lending market may not be readily available because of the outstanding risk, and so that you really need a derivative to hedge that risk specifically for the amount of time ..."
"What happens in California, I am not an expert in this area either, in California, but it is my understanding that the fortification of protein in milk, in Class I, when you ask what are the downsides..."
"That is so soon to see it go from $12 to $24 in a very short time."
"The last issue I would like to raise, and then I will turn it over to my colleagues, is many of you mentioned this issue of requiring milk solids to be in milk."
"Farmers are forced to sell their milk for less than it costs them to produce it."
"the reason why I question that testimony is because we have the same fluctuation from $19 a hundredweight in February, 2004, through July, 2005, and then back down to $12 by December, 2006."
"There is no question that the dairy industry is in crisis."