Thursday, March 4, 2021

Dairy farms continue to decline

The number of dairy farms in the United States declined by 2,550 last year, continuing a trend that has seen a 55 per cent decline since 2003.

Last year’s decline was the fourth-greatest in 15 years, prompted by low milk prices and the COVID-19 pandemic, said the American Farm Bureau Federation.

Since the end of 2014, dairy farmers have struggled with low prices followed by an industry-disrupting pandemic that increased milk price volatility and rendered risk management tools mostly ineffective,” the bureau said.