First half of 2009 “worst in several generations” for dairy farmers
Friday, August 7th, 2009The first 6 months of 2009 were perhaps the worst that U.S. dairy farmers have experienced for at least several generations, notes Ed Jesse, CALS emeritus professor and extension dairy marketing specialist, in a factsheet entitled Current Dairy Situation FAQs. Producers are squeezed between very low milk prices and very high feed prices, he points out. In nominal prices, the Wisconsin All-Milk price had its lowest half-year average since 2003. But in 2003 the state’s corn prices were averaging $2.35 per bushel. So far in 2009, they’ve been between $3 and $4. (more…)