Wisconsin Loses Another 47 Dairy Farms in August
The Wisconsin Department of Agriculture, Trade and Consumer Protection reports that Wisconsin lost another 47 dairy farms in August, with the total number of licensed farms standing now at just 8,372.
The loss of 47 farms in August is just slightly slower than the 54 farm/month attrition rate the state has seen this year. The state has lost 429 farms since the beginning of the year, a decrease of 4.9%. It has lost 588 in the last year, a decrease of 6.6%.
“The exit rate for Grade B farms is even higher, 10.2% year-on-year,” says Marin Bozic, a University of Minnesota dairy economist. “In comparison, 2017 vs 2016 saw 5.0% exit rate for Wisconsin (all farms).”
A revised dairy program in the new farm bill may help slow the rate of farm departures. It offers triple the benefits to smaller farms than the current Margin Protection Program, says Bozic. Click here to see analysis of the proposed revised dairy program, known as the Dairy Risk Coverage.