Production pressure sees Rabobank lowering farm gate milk price forecast despite another small lift in recent GDT auction results
Despite a continued slow-down in milk supply growth across the “Big 7” dairy exporting regions in the final quarter of 2018, exceptionally strong New Zealand milk production in recent months has seen Oceania commodity prices drift lower and a weaker New Zealand milk price of NZD 6.25kg/MS is now forecast for 2018/19, according to Rabobank’s latest Dairy Quarterly report.
34% of dairy farms predicted to have negative farm cash income
MORE than a third of southeastern Australia’s dairy farmers are expected to be in the red this year.
Dairy farming is dying. After 40 years, I’m done.
After 40 years of dairy farming, I sold my herd of cows this summer. The herd had been in my family since 1904; I know all 45 cows by name. I couldn’t find anyone who wanted to take over our farm — who would? Dairy farming is little more than hard work and possible economic suicide.
Record percentage of Wisconsin dairy farms go out of business in 2018
“America’s Dairyland” lost a record percentage of dairy farms in 2018, according to the Wisconsin Department of Agriculture, Trade, and Consumer Protection.
New farm bill boosts protection for dairy farms
The Agriculture Improvement Act of 2018, also known as the farm bill, was passed last week with bipartisan support in both chambers of Congress.
Bega share price sours as farm gate milk price rises hit earnings
Bega Cheese chairman Barry Irvin has blamed the failure of the east coast grain harvest and increased competition for dairy shortages that will force it to pay more for milk and eat into earnings.
Virginia’s losing one dairy farm a week. Can cheese save the industry?
Cline Brubaker bought his dad’s dairy farm in 1967, but he has no plans to entice his own children into the family business. He shut down his farm in October after more than 50 years of milking cows and plans to begin selling off his land.
Farm margins severely cut
The release of the report from the Queensland Dairy Accounting Scheme (QDAS) for the 2017-18 year showed a significant drop in profitability for Queensland dairy farms.
Where are Lancaster County's largest dairy farms? Are they escaping the dairy crisis?
The ongoing plight of the small dairy farmer in Lancaster County, struggling to make ends meet as milk prices fall and fewer people drink milk, is well documented.
Wisconsin farm groups say trade deal won’t have big effect
Wisconsin agriculture organizations are applauding President Donald Trump’s signing of a revised North American trade pact with the leaders of Canada and Mexico, but agricultural industry members said they don’t expect it to have an impact on prices.