Effects of the COVID-19 Pandemic on the Western Dairy Industry

Daniel Sumner, Tristan M. Hanon and Scott Somerville

Western Economics Forum, 2021, vol. 19, issue 01

Abstract: Western dairy accounts for 46% of U.S. milk production and was hit by the COVID-19 pandemic in complex ways. The pandemic led to large fluctuations in U.S. prices of milk and dairy products. High prices during the summer made up for steep declines in the spring. Western milk production was up over 2019. Farm milk receipts were about the same as in 2019, and about 12% higher than in 2018. However, due to large government payments, 2020 was a relatively high net income year for the Western dairy industry, despite the variability and stresses caused by the pandemic.

Keywords: Livestock Production/Industries; Farm Management; Agricultural and Food Policy (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/311305/files/E ... 9PandemiconDairy.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:weecfo:311305

DOI: 10.22004/ag.econ.311305

Access Statistics for this article

More articles in Western Economics Forum from Western Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().