A dairy economist says expansion is very unlikely for farmers given the current financial conditions.
“They are paying down debt, interest rates are higher as well.”
Highground’s Betty Berning tells Brownfield margins for dairy farmers are much better than they were at the start of the year.
“My latest estimates have margins pegged at $10.91 per hundredweight to average this year, and if that occurs, that will be in recent history the highest profitability for dairy farmers in terms of income over feed cost,” she says.
July 17, 2024
By Nicole Heslip
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