Virtually every industry has experienced hardships due to the current economic crisis, and the dairy industry isn’t an exception. Many farmers maintain that the current crisis was the worst in history for the industry. But despite the trials and tribulations that farms have undergone in the last year and a half, it appears as if they are primed to turn the proverbial corner.
Milk prices hit startling low levels last year, but it appears that prices are stabilizing as the rest of the economy continues to recover. The Dairy Industry Advisory Committee expressed a sense of optimism during their meetings earlier this month. By the end of the year, they hope to have a proposal that outline ways to stabilize prices further and plan for prolonged prosperity.