State of the Dairy Industry
The U.S. dairy industry is poised on the brink of significant growth, as illustrated by Farm Journal’s State of the Dairy Industry report.
Results from Farm Journal’s state of the industry report spells significant growth.
In a recent Farm Journal State of the Dairy Industry webinar, three leading dairy industry professionals shared their insights and perspectives about the biggest opportunities on the horizon for dairy producers.
Industry experts are bullish on export opportunities over the next year to five years. New product development will also open the door for producers to add more profits to their bottom line.
When it comes to the Farm Journal State of the Dairy Industry Report, 70% of respondents believe the dairy industry has future opportunities when it comes to innovation and processing.
“Growth in the number of larger herds will persist, but smaller farms will continue to exist in sizable numbers.”
A large percentage of dairies anticipate a need for accelerated resources and support across stewardship initiatives in the coming years. Noticeably, most lack resources for GHG and air quality metrics.
Even the most efficient and profitable herds need a transition plan from one generation to the next. Without it, they can disperse and become a statistic.
Many producers across the county have their eyes open to the future and are eagerly embracing opportunities to grow any way they can.
We asked surveyors what avenues they are exploring to generate added profit to help with their farm’s overall profitability, and the results showed that branded beef and agritourism are leading the way.
More and more dairies are looking to technology to help dial in on efficiencies and help spell future success of their operations.
With prices experiencing a downturn and input costs high producers have been quick to search out alternative revenue to help their operations turn a profit. One method has been to incorporate a beef-on-dairy program.
Ever.Ag Insights president Phil Plourd, says “It is a street fight, in terms of figuring out ways to stay relevant, to get more productive, to stay ahead of the curve to manage risk better.”
Alex Neuenschwander, a fourth-generation dairy farmer, is headed to the Indy 500 winners circle this weekend to hand out the iconic bottle of milk. His secret to success on the farm? Finding efficiency at every level.
2024 started on a downward slope, as year-over-year milk production continued to drop 1.3% in February. The U.S. milking cowherd dropped below year-ago levels each month since June 2023.
Farm Journal’s State of the Dairy Industry 2024 Report surveyed 210 dairy producers throughout the U.S. Our forward-thinking survey asked participants about the challenges they face, along with future opportunities.
Here are a few thoughts on what being prepared might involve from a farm or industry perspective.
As the dairy industry continues to change at lightning speed, Farm Journal recently surveyed producers – asking them about challenges and opportunities that face them, which six leading-edge insights surfaced.