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2004 GREAT YEAR FOR WISCONSIN FARMERS
Monday, January 24th, 2005 -- 12:33 pm
Posted by Riley Hebert-News Director
Wisconsin Ag Connection contributed to this story
2004 was a record year for Wisconsin farmers. The University of Wisconsin-Madison “Status of Wisconsin Agriculture” report says that 2004 was a very good year.
When all data are analyzed, Wisconsin's net farm income for 2004 will be in the $1.8 billion to $2 billion range, which would exceed the previous record of $1.7 billion set in 1989. This follows a near-record 2003 net farm income of about $1.6 billion.
During 2004 dairy producers enjoyed a record high price for Class III milk - the milk used to make cheese - every month from March through June. In May that price reached $20.58, which was $6.75 above the previous record price for May.
The average Class III price for the year will be up more than $1 from the previous record, set in 1999, according to the report.
Economic forecasters are predicting an average 2005.
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