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Farm Credit says dairies bounced back in 2010
Jun 24, 2011 11:51 am
The Daily News, a paper that covers Genesee, Wyoming, and Orleans, NY counties, reports that in 2009 dairy farms in the Northeast lost an average of $386 per cow and that in 2010 they earned an average of $396 a cow, a stunning $782 turnaround. "Milk prices rose $3.90 per hundredweight in 2010, and that helped farms have adequate cash flow for operating expenses, debt repayment, family living, and income taxes. Dairies also were able to catch up on some bills that were carried over from 2009, according to Farm Credit’s Northeast Dairy Farm Summary report," the paper reports. Debt per cow remained at $3,337, the highest in the 32-year history of the report. The report considered farms in New York, New England, and New Jersey. Read the full story in The Daily News.