Wisconsin lost 10pc of its dairy farms in 2019.
More than 800 dairies went out of business in Wisconsin last year, making 2019 among the worst years ever recorded for dairy closures in the state. This is a big deal," said Mark Stephenson, the director of dairy policy analysis at the University of Wisconsin-Madison's College of Agricultural Life Sciences. It's a trend happening across the country, Stephenson added.
Waning consumer demand, loss of trade and an oversupply of milk have driven milk prices too low for farms to profit. America's largest milk producer, Dean Foods, filed for bankruptcy protection in November, citing "a challenging operating environment" and declining "consumer milk consumption."
And on Sunday, a second major American dairy company, Bordon Dairy, also filed for bankruptcy protection. The U.S. Department of Agriculture has not yet released data on the number of dairies that closed throughout the country last year, but experts expect that - like the Wisconsin numbers - they will be high...
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