March 19, 2021: 2020 Milk Production and Dairy Farm Numbers

We can certainly agree 2020 did not turn out the way it was predicted at the beginning of last year.  No one would have guessed that a year later we would still be dealing with  a worldwide pandemic. The 2020 U.S. all-milk price averaged $18.32 per cwt, Class III averaged $18.16, and Class IV averaged $13.49. However, Dairy Margin Coverage provided some relief to those who had enrolled, and the Coronavirus Food Assistance Program (CFAP) provided two significant payments last year that helped many dairy farmers when it was needed the most. Read More