TOWANDA, Pa. — AgChoice Farm Credit recently released its annual Dairy Industry Outlook, available at AgChoice.com. The AgChoice Dairy Industry Outlook includes a reflection on 2020 with analysis of global, national and local trends and a 2021 price forecast.
“The dairy industry experienced many pandemic impacts that challenged the supply chain, shed light on domestic food security and heightened price volatility,” said Heather Weeks, AgChoice senior loan officer. “Last year, government payments helped the average producer make a profit, but the top 25% of producers generated a profit without government payments.”
Mike Hosterman, AgChoice ag business consultant explained, “Looking forward, we expect the milk price in 2021 will be slightly higher than 2020, but rising feed costs will pinch margins based on the current commodity markets.”
AgChoice will hold a free webinar about the Outlook on Friday, April 23 from 12 p.m. – 1 p.m. Registration is required at https://www.agchoice.com/about/events. Call 800-349-3568 ext. 6016 to learn more or register by phone.
To view the AgChoice Dairy Industry Outlook, visit AgChoice.com. Find the report on the News & Education page under Publications.
AgChoice Farm Credit specializes in providing farm and country property loans and financial services to help customers confidently reach their dreams.
–AgChoice Farm Credit