STEVENS POINT, WI (WSAU-WAOW) – The cost of milk – like most things – has gone up.
But dairy farmers say, while they’re grateful for the boost, they’re also bracing themselves for when prices dip back down to normal.
“It’s almost doubled in two years,” explained Joe LePak with LePak Dairy Farms. “It’s unprecedented.”
Dairy farmers say they’re used to seeing milk prices swing up and down, but the all-time high just reported from March data at $25.21 per 100 pounds of milk is over $6 higher compared to last year.
“It’s just a whole different level, everything is high, and it’s staying high,” said Ken Feltz of Feltz Family Farms.
“It’s doubled in the last two years, which is wonderful. Milk’s a commodity, it’s like corn or soybeans or oil, it’s very cyclical,” he explained. “So every three years we have a good price year, then we have an average one, and we have a good one right now. So we’re on a high cycle.”
But despite the record milk prices, farmers say they’re likely not offsetting inflation costs.
“Are we making more money?” posed LePak. “Probably not, its just everything else’s cost doubled or tripled.”
Given the data is based off March amounts, it’s likely that milk prices and revenue will continue to climb for at least the next few months.
Comments