Two of the world’s closest allies, the United States and Canada, couldn’t be more apart on what’s right for their dairy industries with USMCA. The Canadian dairy industry does not like the potential agreement.
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.
With poor crop conditions and a record amount of prevent plant weighing on farmers' balance sheets in 2019, one economist thinks MFP 2.0 may not be enough to get net farm income back to a level needed for some stability.