Following an interview with Dairy Management Inc. Chief Executive Officer Tom Gallagher, Bloomberg reports retail milk prices will rise as much as 15 percent by the first quarter of 2013 after the worst U.S. drought since 1956 sent livestock-feed costs to a record high.
Meanwhile, retail food prices are forecast by the U.S. Department of Agriculture to rise from 2.5 percent to 3.5 percent this year. Read the full report via Bloomberg.
David and Laurie Kyle discuss the increased input costs on their farms and the effect on dairy farms nationwide. They also talk about their struggle and innovation by sharing their creative solutions for increased efficiency and business diversification (their coffee shop business venture).
The Troxel’s display the resiliency that is common of most dairy farmers, noting that they will persevere. “We’ll get through this somehow. We’ve chosen to raise our family on a dairy farm. It’s a privilege to care for our animals and the land while producing high quality, nutritious and delicious dairy products for our family and the public,” LuAnn said.
Farms and the families that own them – among many others – appreciate the understanding of Americans across the country and recognize these are tough times for everyone. One way the consumers can show their support for dairy farmers is by continuing to enjoy and purchase the nutritious dairy products they love.
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