2020 was a remarkable year for the dairy industry due to the impact of the COVID-19 pandemic. Farm Credit East presented a review of the 2020 Northeast Dairy Farm Summary and a 2021 mid-year outlook of the dairy industry on Wednesday, June 23.
Farm Credit East’s Northeast Dairy Farm Summary is the most comprehensive economic analysis of the region’s dairy industry. The 2020 edition marks the 41st year of the report, which looks at the financial results of 204 Northeast dairy farms. During this webinar, Chris Laughton, editor of the report, reviewed how the year was for dairy.
Jeremy Forrett, manager of Crop Growers LLP, also discussed risk management options for current market conditions and Catherine de Ronde of Agri-Mark delivered a price and market outlook for the second half of 2021.