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At first blush, it would appear dairy farmers are not heeding risk management warnings, even as storm clouds over 2021 milk prices grow darker. With the deadline about three weeks away, enrollment for the 2021 Dairy Margin Coverage (DMC) program continues at a slow pace. Enrollment numbers should jump soon.
Like their counterparts throughout the U.S., the COVID-19 pandemic forced a pivot in the Mid-Atlantic regional dairy supply chain, from the farm to the store shelf. Panelists shared their business and personal experiences during the sixth annual Agriculture Law Education Initiative (ALEI) environmental and agricultural law conference, held virtually and livestreamed on Facebook in early November. The archived session, “Pivoting in a Pandemic: Risk Management during COVID-19,” is available here.
As the number of cases of COVID-19 escalates this fall, the impact on milk marketing resulted in another surge of negative producer price differentials (PPDs) in affected Federal Milk Marketing Orders (FMMOs).
The USDA’s November World Ag Supply and Demand Estimates (WASDE) report raised milk production and price forecasts for both 2020 and 2021. For dairy producers, those milk price gains will likely be offset by higher projected feed costs.
The growth rate slowed, but September 2020 marked the 13th consecutive month that U.S. dairy exports were higher than the corresponding month a year earlier, according to a monthly update from the U.S. Dairy Export Council (USDEC). Here’s a look at the topline numbers:
When the generational goals of a dairy farm family meet the policy targets of government regulators, the result doesn’t necessarily have to mean a collision.
Through August 2020, shipments of CWT-assisted products total 79.7 million pounds. On a milkfat basis, that is the equivalent of 788.6 million pounds of milk, or the average annual milk production from 32,651 cows.
More than 700 people logged in from around the world to hear 10 start-ups give their elevator pitches during the first-ever Global Dairy Tech Start-up Spotlight in early October.
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