Is the U.S. dairy industry declining? Dairy farmers, especially those with small, organic farms, have been grappling with low prices from tightened trade and decreasing domestic demand for dairy milk. The U.S. should expect its lowest year-on-year growth since 2013, according to Dairy Quarterly Q4 2018, a Rabobank report. The 2018 farm bill, recently signed by President Trump, expands some subsidies for larger dairy farmers and offers lower premiums to participate in a federal program that provides compensation when milk prices drop below a certain level.China is expected to increase dairy imports by double digits in 2019, according to the Rabobank report. But will it be enough to sustain the U.S. dairy industry?
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Forbes
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