Farm Credit East Hosts Webinar on Dairy Farm Financial Report and 2017 Outlook

Enfield, Conn., Thursday, May 4, 2017 — Farm Credit East will host a webinar to discuss 2016 Northeast dairy farm results and the current dairy situation. Dairy farmers and other interested parties are invited to participate in this free webinar on Thursday, May 11, at 11:00 AM.

2016 was another challenging year for Northeast dairy producers. Milk prices averaged $1.39 per hundred pounds (cwt.) lower than 2015 and $8.67 per cwt. lower than 2014. Yet, 2016’s farm profitability was actually slightly higher than the year before, primarily due to belt-tightening by farmers and an increase in per-cow productivity. This webinar will analyze the findings of the 2016 Northeast Dairy Farm Summary.

Farm Credit East’s Dairy Farm Summary is used extensively throughout the Northeast to help farms benchmark their results and identify areas for potential improvement. This annual report compiles the financial results of hundreds of Northeast dairy farms to provide comparisons for individual producers to analyze in their own operations.

The webinar will be held on Thursday, May 11, from 11:00 a.m. to 12:00 noon, and includes an overview of this year’s report from Chris Laughton, Farm Credit East Director of Knowledge Exchange. Following, a panel of Farm Credit dairy experts will discuss the current economic situation facing Northeast dairy producers.

The webinar is free to participants. Visit FarmCreditEast.com/webinars for registration information.

The Northeast Dairy Farm Summary looks at data from dairy farms in New York, New England and New Jersey. The report is prepared by Farm Credit East in conjunction with Yankee Farm Credit. The summary reviews all aspects of dairy financial information from the participating businesses. This year, 457 dairy farms participated.

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