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.
Milk production is slated to be down 100 million lb. from last month in the latest World Agricultural Demand and Estimates report from USDA, while prices could be almost $2 cwt lower than last February.
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.