Idaho’s dairy industry is between the proverbial rock and a hard place. The rock is soaring feed costs; the hard place—some of the lowest milk prices in the nation.
A recent analysis done for the Idaho Dairymen’s Association (IDA) by Scott Brown, a dairy and ag economist with the University of Missouri lays out the conundrum:
• Idaho milk prices are among the lowest in the nation, often trailing the U.S. all-milk price by $1/cwt., and in January 2009, by $2.50/cwt. “The growing gap since 2009 between the U.S. and Idaho all-milk prices provides an early indication of one of the issues that has kept financial balance sheets in a tough position in Idaho,” says Brown.