How to manage with low milk prices…

Milk prices have crashed in recent months and the economics of milk production have shifted inexorably, leading to the most serious economic challenge for dairy farmers in many years.

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PicsFarmCowsHolsteinMilk prices have crashed in recent months and the economics of milk production have shifted inexorably, leading to the most serious economic challenge for dairy farmers in many years. This is having a significant impact on all dairy farmers and, whilst we are seeing the first signs of the recovery we anticipated this autumn in world markets as supply slows, we are starting from such a low base price that any recovery will take some time to feed through into the UK ex farm prices. This document summarises the current situation in the dairy markets and provides some recommendations on what to do to manage a dairy business through the months ahead.

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