By Tim Kowols
Dairy farmers are still finding ways to invest in the future of their operations despite stagnant milk prices. After reaching record highs in 2014, November Class III milk futures on the Chicago Mercantile Exchange stand at just $15.23 per hundredweight. Despite the lower prices, Randy Kinnard and his family at Kinnard Highland Farms in Casco still invested in the future of the operation by building a new barn, expanding his herd, and installing robotic milking systems. Kinnard says it has been worth the investment.
The Wisconsin State Farmer reported that U.S. farmers have dumped 43 million gallons of milk so far this year to battle over supply and low prices, which currently sit at $14.71 per hundredweight. Kinnard Highland Farms will show off their new dairy barn this Saturday in Casco beginning at 10 a.m.