Predicting what dairy farmers may get paid for the milk produced on their farms is a dicey piece of analysis. Slight changes in a few areas like exports, cow numbers or even the weather can make a prognosis look out of whack. That said, the recently released Dairy Situation and Outlook by Bob Cropp, emeritus professor of Ag and Applied Economics, predicts: “… the probability is better for higher rather than lower prices...” by the end of the year.

To learn how Cropp arrives at his conclusion, visit the Understanding Dairy Markets web site and read the report.