ENFIELD, Conn. — Farm Credit East will host a webinar to discuss 2018 Northeast dairy farm results and the current dairy situation. Dairy farmers and other interested parties are invited to participate in this free webinar on May 3 at noon.
Given low milk prices, the past several years have been challenging for Northeast dairy producers, and 2018 was no exception. The average milk price decreased from 2017 by $1.13 per hundred pounds (cwt.). Costs increased slightly, resulting in reduced net earnings. This webinar will dive deeper into the findings of the 2018 Northeast Dairy Farm Summary.
Farm Credit East’s Dairy Farm Summary is used extensively throughout the Northeast to help farms benchmark their results and identify areas for potential improvement. This annual report compiles the financial results of hundreds of Northeast dairy farms to provide comparisons for individual producers to analyze in their own operations.
The webinar will be held on May 3 from noon to 1 p.m., and will include an overview of this year’s report from the report’s author and Farm Credit East Director of Knowledge Exchange, Chris Laughton.
The webinar is free to participants. Visit FarmCreditEast.com/webinars for registration information.
The Northeast Dairy Farm Summary looks at data from dairy farms in New York, New England and New Jersey. This summary report, prepared by Farm Credit East, reviews all aspects of dairy financial information from participating businesses. This year, 305 dairy farms participated.
— Farm Credit East