“We’re seeing a real change in the structure of the dairy industry continues to be dominated by more and more larger producers,” explains Scott Brown, an economist at the University of Missouri. ( Wyatt Bechtel )
As producers continue to fight low milk prices, the nationwide dairy landscape continues to change as milk production shifts from smaller to medium sized farms to very large farms.
“We’re seeing a real change in the structure of the dairy industry continues to be dominated by more and more larger producers,” explains Scott Brown, an economist at the University of Missouri. “I recently attended the DFA annual meeting [where they explained] the first 25 percent of their milk comes from about 115 operations and the last 25 percent comes from 7,800. That’s a very different landscape for them as well.”
Brown expects dairy producers to see milk prices rebound from the low prices we experienced at the beginning of 2018, but he doesn’t expect them to improve too much by the end of the year despite strong improvements in cheese prices.
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