Negative Economic Profit Margins for Dairy Producers in 2015, Likely to Continue Negative Trend in 2016
Lower milk prices resulted in negative economic returns for Illinois dairy producers in 2015, according to figures summarized by University of Illinois agricultural economists in cooperation with the Illinois Farm Business Farm Management Association. The average net price received per 100 pounds of milk was $17.35, which was less than total economic costs of $19.17. The price received for milk in 2015 was the lowest since 2010. On a per cow basis, total returns from milk were $4,053 compared to the total cost to produce milk of $4,463 per cow. [node:read-more:link]