2014 Profits Could Turn to Red Ink in Minnesota

December 29, 2014 08:53 AM
 
2014 Profits Could Turn to Red Ink in Minnesota

The Minneapolis Star Tribune reports that lower milk prices forecast for 2015 could turn record profits into losses. 

“Next year we will see lower milk prices—probably lower than the cost of production at some Minnesota dairies,” says Marin Bozic, a University of Minnesota dairy economist quoted in the story.

Pat Lunemann, a 700-cow dairy farmer from Clarissa, Minn. and  president of the Minnesota Milk Producers Association, says  dairy farmers are prepared for the downturn. In good times, such as 2014, farmers paid bills and reduced debt, “because you know that these times come.” 

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