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Low milk prices mark bad year for dairy farmers

Overproduction, low domestic consumption key reasons

Posted: Jul. 18, 2018 10:16 PM
Updated: Jul. 19, 2018 7:45 AM

STACYVILLE, Iowa - While you may be noticing low prices on milk at the grocery store, dairy farmers in the U.S. are feeling the pinch this year.

The U.S. dairy industry is in its fourth straight year of low prices as global milk production has grown faster than demand.

Rick Brumm is dairy farmer near Stacyville and has been milking cows since 1969, with his two sons taking over operations six years ago. He hopes the situation will change.

"I'd like to see more people consume more milk versus soft drinks when they go to the grocery store. Buy a gallon of milk versus a 12 pack of pop," Brumm said.

He's noticed that farmers oppose to controls on production and tariffs, but says that there really are no easy ways to solve the problem.

"On the production part, no one is in favor of controls, but right now, that looks like the only answer."

According to the U.S. Department of Agriculture, the all-milk price averaged more than $25 per hundredweight in 2014, but has fallen to $16.20 per hundredweight as of May.

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