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.
Jim Chilton didn’t expect to find himself face-to-face with President Donald Trump, much less on a stage in front of more than 7,000 farmers and ranchers.
The dairy industry is going through major transformation, not just with technology, but how shoppers want to consume milk and why. Statistics show a drop in cereal consumption could be hurting milk demand.
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.
'Proprietary handlers establishing new forward contracts on or after October 1, 2018 will not be exempt from paying minimum Federal order prices.' --USDA