It’s meant to help farmers in the dairy industry to get up to speed on the latest tech and learn new techniques from other farmers.
A big topic now, however, is how the industry is doing economically.
After we saw record high milk prices in 2022, one dairy consultant says we can expect those prices to go down in 2023. That’s great news for consumers, but for farmers, it could cause their profit margin to be reduced.
“The margin between what you get for your milk, what you sell it for, is going to be tighter. But dairy farmers, especially dairy farmers here in Georgia, they’re good managers,” Calvin Covington said.
Covington says at its core milk prices and farmers’ profits are a supply and demand issue.
Because milk prices have spiked so much, demand for it has gone down, which is what will bring prices down.
Another food seeing a spike in price: eggs.
