The Utica Observer-Dispatch reports farm equipment and livestock feed companies dependent on the agricultural industry also suffer financial hardships as dairy farmers struggle to make a profit.
John Calidonna, co-owner of Clinton Tractor, made a living for the past 60 years selling and repairing farm equipment in New York. His company recently began offering construction equipment and recreational vehicles to compensate for its depleting farm equipment sales.
Calidonna said there are fewer farms in the area, and the ones that remain have less money to spend on equipment and maintenance. Companies like Clinton Tractor aren’t the only firms hurting as dairy farms disappear. Veterinarians, feed supply and refrigeration companies are also suffering from the ripple effect and have seen sales decrease.
The number of dairy farms has fallen significantly in New York. According to the USDA, the number of dairy farms in the state has dropped 23 percent between 2002 and 2007. The drop has hurt the dairy industry, but companies long-reliant on dairy farmers have had to adjust as well.
Livestock feed companies have started selling corn to ethanol manufacturers or waived delivery fees for farms that order a large supply of feed.
According to the Observer-Dispatch, Wormuth Dairy & Refrigeration LLC, has expanded its coverage and worked with larger farms who require more refrigeration and milking equipment. Other companies offering similar services have gone out of business.
Source: The Utica Observer-Dispatch