A dairy farmer says there’s never been another time when margins have been tighter.
Brian Preston milks 1,000 cows with his family in southern Michigan.
“We’ve had a lower price, but we’ve never had a tighter margin and I think profitability has been a real, real challenge all summer long,” he shares. “We’re hoping for better times, we’re planning for better times, but right now it’s pretty tough on a dairy farm.”
July margins in USDA’s Dairy Margin Coverage program were the lowest since the program was authorized in 2019.