Friday, September 4, 2009
(click on image to enlarge)
USDA Economic Research Service (ERS) has new data on farm income for 2007. Naturally, dairy farm income is up in 2007.
Beef operations get very little income from farming operations. Probably beef producers can count on even less farm income now that Wal-mart has signed a deal with Brazilian corporate giant JBS S.A. to produce all Wal-Mart’s beef in Brazil. Since much beef, especially ground beef is from cull dairy cows, the JBS Wal-Mart deal cannot bode well.
One important thing for all to note is the heavy reliance of dairy farm families on farm income.
As mentioned in a very early post, citing the 1940 “Yearbook of Agriculture” all economic question are really moral questions.