Minnesota is trying to keep its state’s dairy industry going after the state legislator passed an $8 million plan called the Minnesota Dairy Assistance and Relief Initiative.
Strengthening milk price and weakening feed costs have improved. The interactions of projected production growth and strengthening Class III price for 2020 remain to be seen.
As dairy farmers try to manage risk moving into 2019, about the only thing you can say is that there is uncertainty as to which risk management tools is best.
