In an ag economy when profits are low and margins are tight, it’s more important than ever to have a factual handle on your farm’s finances, according to ag lender Carmen Michels with Compeer Financial.
Global dairy prices dropped for a fourth consecutive time at a fortnightly auction on Wednesday as production in New Zealand showed signs of a potential turnaround after weak levels earlier in the season.
Strong global demand snaps four consecutive price drops in the Global Dairy Trade Price Index which rose 2.7% fueled by weak New Zealand production which points to more price gains.
A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said.
Tariffs impacting dairy trade, a dairy processor buying a majority stake in a non-dairy milk company and a conservation easement program aimed at helping dairy farmers in New York are making headlines..
Consumers claim to know where plant based milk comes from and Canadian dairy producers are concerned about the profitability of their operations. Learn more in a recent Dairy Report video from AgDay.
The world’s top dairy exporter, New Zealand’s Fonterra Co-operative Group Ltd, said on Tuesday that milk production in its home market fell 1 percent in March, pointing to support for global dairy prices.
