Milk Cost of Production Estimates for July, August, and September 2015

Adam Rabinowitz and Rigoberto Lopez

No 40, Outreach Reports from University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy

Abstract: Connecticut farm milk prices increased an average of $0.35/cwt during the third quarter, driven primarily by a September milk price that reached above $17 for the first time since January 2015. Meanwhile, the total cost of production also increased back to first quarter estimates, averaging $32.88/cwt. Overall, the average shortfall of prices minus the minimum sustainable cost per cwt increased to an average of $9.90/cwt, thus continuing to trigger the need for payments to Connecticut dairy farmers under Public Act 09-229. Consistent with previous forecasts, milk prices are expected to stay stable with a slow recovery beginning in late 2016. The overall trends in milk prices and production costs continue to result in significant financial stress on Connecticut dairy farmers absent Public Act 09-229.

Keywords: Connecticut; milk; production (search for similar items in EconPapers)
Pages: 1 page
Date: 2015-11
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:zwi:outrep:40

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