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Rick Worthington Milk Prices in 2017
by Rick Worthington, click here for bio

Program: Farm and Ranch Report
Date: December 06, 2017

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Early in the year, economists predicted that milk prices would rise, but oversupply, increased production and “baggage” from the previous two years tempered excitement over increased prices.

2017 has not been the best year for Dairy Farmers. Ag Banker Ed Coats explains.

"Milk prices typically a filed a 3-year cycle hitting a peak and then and then moderately dropping and then bottoming out in the third year we've kind of seen that that that 3 year cycle is kind of had 3 years of somewhat lower prices and likely another year in 2018 of relatively similar prices so that the volatility is while it's leveled off the the the it seems to have settled at the bottom Aries if they can find a niche similar to organic it's it's it's made it possible for them to kind of work through some of these vile to prices the larger deer he's obviously trying to use a lot of dollars for a lot of dollars but with those of dairies it's about margin what what can they do with prices how can they can they reduce their expenses on the price I'd you know they have to be able to control the quality of their milk."

Higher milk prices are being compounded by a lack of available and experienced dairy workers.

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