According to the USDA, the domestic demand for dairy has reached a 56-year high. At the same time, farm labor wages are also trending upwards. AgDay’s Betsy Jibben explains more in this week’s Dairy Report.
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.
Dairy farmers have a stronger safety net against low milk prices and high feed costs under the new federal farm bill, and more federal dollars will be spent to spur international trade of American agricultural products.