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.
USDA-National Agriculture Statistical Service (NASS) estimated that the milk cow herd slipped 8,000 cows during July, which is the same as the year-over-year. That was the lowest herd tally since last October.