By Tim Kowols
The lowest milk prices by some metrics in 10 years are forcing Door and Kewaunee County dairy farmers to tighten their belts even more. The Bureau of Labor Statistics shows the average price nationwide for a gallon of milk at $2.96, which is down over 90 cents from 2008. This forces some farmers to operate at a net loss as milk prices have not kept up with the cost of production. Rich Olson from Olson Family Farms in Sturgeon Bay says they are not spending money if they do not have to for the operation.
Olson says it is important for farmers to keep a little bit of a reserve fund when milk prices find themselves trending upward like they did when they reached record highs in 2014. Dairy farmers did get some good news last month as several varieties of cheese increased in price over 2017 numbers according to the Dairy Market News.