Best advice to U.S. dairy farmers? 'Sell out as fast as you can' [MSNBC.com]
DEAN FOODS (DF)
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Source: MSNBC.com
Many of the Kentucky dairy farmers who sold their milk to Dean Foods have not yet found anyone else to buy it instead — and like Coombs, they could soon have to sell their cows. They are just the latest of more than 42,000 dairy farmers who have gone out of business since 2000, casualties of an outdated business model, pricey farm loans and pressures from corporate agriculture. There were nearly 650,000 dairy farms in the U.S. in 1970, but just 40,219 remained at the end of 2017, according to the U.S. Department of Agriculture. Cows are producing more milk than ever, but they’re consolidated on bigger, more efficient farms. In 1987, half of American dairy farms had 80 or fewer cows; by 2012, that figure had risen to 900 cows. Small dairy farms are rapidly disappearing. (The dotted line shows years with missing data for U.S. dairy farms.) Small dairy farmers, an aging population, were some of the last U.S. holdouts against the farming industry’s pressure to grow or die —
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