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Souring economy hurts dairies

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High Five
Monday, August 10, 2009

The success the dairy industry used to experience has been spoiled by the economy over the past year.

In 2007 and early 2008, many dairy farmers were riding a wave of high bulk-milk prices.

But the sense of security turned to dust as the market dried up. The economy crashed, U.S. milk production began to outpace consumption, bulk milk prices plunged to levels they were at 18 years earlier, and farmers were left with too many cows and too much milk. A spike in the price of fuel and feed only compounded the problem.

Read the full story at the Mail Tribune.

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