Dairy products are divided into four classes, with class 1 (bottled milk) traditionally commanding the highest prices in the country.
A University of Tennessee study found that dairy farmers earned an average of $18.57 per 100 pounds of milk between 2005 and 2020, while production costs averaged $25.80. This discrepancy has driven many small farms into bankruptcy, leaving larger, more efficient operations behind.
Yet 97% of dairy farms in the U.S. remain “family owned.” The media reports that while some farmers use insurance and hedging programs to reduce risk, these solutions do not address the fundamental problem of costs consistently exceeding revenue.
Source: Ferra
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