The new “Got Jobs?” campaign from the National Milk Producers Federation, the U.S. Dairy Export Council and the International Dairy Foods Association highlights the dairy industry’s role as an economic engine. To celebrate dairy month, we recognize the economic impact dairy products have on the local economy here in the Northeast.
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.
Major dairy cooperatives estimate that producer pay prices for 2017 will average about $2.00 per hundredweight higher than last year. Read more about prices and global demand markets in this brief outlook on Northeast dairy.
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.