Understand complexities of milk checks

Greg Galbraith For Agri-View
Apr 9, 2021
Apr 9, 2021

1 of 3

Dairy products have what’s called a relatively inelastic demand; quantities only need to move a small amount for prices to move a lot.

American Farm Bureau Federation

Greg Galbraith

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Greg Galbraith For Agri-View

“We’ve always had more sellers – meaning farmers – than buyers – meaning processors – in the dairy industry,” says Mark Stephenson, director of dairy-policy analysis at the University of Wisconsin-Madison. “It makes us vulnerable to price movements.”

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Mark Stephenson mug for Agri-View — Mark Stephenson

Greg Galbraith, a former dairy farmer who owns woodlot property in eastern Marathon County, Wisconsin, writes about the rapidly changing nature of the agricultural landscape. He has built a lifetime connection to the land and those who farm it.