Buyout Program

[melanie]

I heard about another buyout program.1,5 millions cows????I hope it's not true.

 

[TexasBred]

Another one? Just had one last month. Most of those guys have already bought back in and milking again.

 

[dun]

From Dairy Alert
http://www.dairyherd.com/news_editorial ... 191&ts=nl2

 

[bigbull338]

they prolly wont have another buyout for 2 or 3yrs.an alot of guys went back to milking the morning after they loaded their cows.

 

[kenny thomas]

USDA announced yesterday that it expects 2009 farm income to drop 20 percent from last year, thanks to lower commodity prices. However, net farm income is still projected at 9 percent higher than the 10-year average.(quote)

The global economic recession will weigh on the livestock sector, according to USDA officials, with export demand slumping for meat and dairy products. A steep drop in milk prices may prompt an 11 percent slump in the value of livestock commodities, the agency adds.(quote)

Don't look good.

 

[TexasBred]

I can assure you "net income" on dairies was not up in '08. Prices were good for half the year then tanked and feed went thru the roof at the same time. I doubt 25% of the dairies in Texas even have a positive cash flow, let alone making any money. There will be more and more go out of business in the state on their own. It just don't work anymore.

 

[grannysoo]

Milk at the local retail level is now down under 3.00 per gallon. A year ago, that same milk was 4.50 per gallon.

Looks like the dairy industry is really raking it in now....... :help:

 

[HerefordSire]

I am looking for beef and milk products to come from South America and China on Jet Airliners. There is no way Americans can perform manual labor at a profit.