New Year May Bring Relief to Dairy Farmers

Posted on January 7, 2010 by tanya brown

Dairy producers may see some relief in 2010 after a devastating year in 2009. According to USDA Chief Economist Joe Glauber, most dairy farmers were losing money, forced into bankruptcy or went out of business last year. “That now looks like it is improving,” said Glauber.”Barring a large run up in food prices, I think dairy farmers should see some recovery this year.” He added that milk prices are forecasted to go up to $16.75 cwt this year, which is close to prices seen in 2008.

Listen to the interview

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