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TOUGH YEAR FOR FARMERS
Thursday, August 20th, 2009 -- 10:22 am
Posted by Riley Hebert-News Director
The first half of 2009 is being called the worst experienced by U.S. dairy farmers in several generations.
Ed Jesse, a dairy marketing specialist, says producers are squeezed between very low milk prices and very high feed prices.
In nominal prices, the Wisconsin All-Milk price had its lowest half-year average since 2003. But in 2003 the state’s corn prices were averaging $2.35 per bushel. So far in 2009, they’ve been between $3 and $4.
USDA Economic Research Service puts Wisconsin’s January-June returns over cash costs averaged negative $2.81 per hundredweight; that’s about $47 per cow per month and a monthly loss of about $4,500 per herd.
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