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Industry News

Read coverage of current events and news affecting dairy producers and the industry.

LATEST

The number of U.S. farms restructuring debt by filing Chapter 12 were down slightly last year, but the dairy economy likely figured prominently in states where bankruptcy filings were higher.

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Regular readers of the Progressive Dairyman Extra enewsletter know we provide regular updates on Dairy Revenue Protection (Dairy-RP) program sales activity. This week, we take an additional look at the USDA Risk Management Agency (RMA) data: the percentage of milk by coverage level; and preview the timeline as the first quarter of 2019 comes to a close.

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Citing declining milk cow numbers and slower growth in milk per cow, the USDA trimmed its 2018 milk production estimate and also cut the 2019 production forecast, lending support for somewhat higher prices.

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