Saturday, May 30, 2009
Words fail to convey the calculated loss occurring to American farmers. The theorizing class seem to maintain a fine lifestyle advising farmers on various methods to improve efficiencies.
Two months ago I heard a presentation by a Farm Credit representative regarding a multistate 2008 study of dairy farm profitability. As an aside, the audience was informed that dairy farmers who bought all feed actually outperformed those who raised some or all feeds.
This was not always so. USDA monthly publishes a report on Agricultural Prices. In the Agricultural Prices report are listed indexes of prices received versus prices paid. Needless to say, the present numbers for dairy farmers are horrible.
However, a look at the annual indexes back to 1979, which is published by USDA, Economic Research Services indicates that farmers in general have been losing money since about 1991. Dairy farmers would have a much more difficult time making ends meet if all other farmers were paid a fair and honest price for their produce.