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.
Many dairy producers are facing challenges in the current economic environment. The USDA Farm Service Agency has reopened the signup period for the Dairy Margin Protection Program, under changes to the program made by Congress in February. Farm Credit East and the Program on Dairy Markets and Policy recently hosted a webinar covering this signup reopening and “MPP 2.0.”
No one likes the uncertainty of milk price, and sometimes we think we’d rather not know. But realistically, understanding future projections is key to help plan for the future of your farm business. That’s why Farm Credit East’s dairy consultants believe so strongly in our Dairy Profit Analyzer (DPA) program.