Farm Credit East recently presented the results of the 2017 Northeast Dairy Farm Summary. It was a mixed bag – average earnings increased due to a rise in milk prices, but cash flow came in at breakeven for the third year in a row. Read more here.
The United States economy looks robust at the midpoint of the first quarter. Chris Laughton reports on current GDP growth, unemployment, consumer spending, interest rates and commodity markets and their 2018 projections in this U.S. economy update.
Despite a $1.39/cwt. drop in milk prices, dairy farms showed remarkable resilience with slightly improved financial results in 2016 compared to 2015. Read more about the results recently reported during a webinar held by Farm Credit East on the 2016 Northeast Dairy Farm Summary.
Dairy farmers have proven themselves remarkably resilient in the face of adverse economic conditions. While two consecutive years of low prices have had an impact on the financials of Northeast dairy producers, 2017 promises a moderate recovery.