Agricultural Economics Department
Date of this Version
October 2002
Abstract
Dairy farmers don’t need to be reminded that milk prices have declined dramatically in the past year. In September, the U.S. average all milk price was $11.50, or down about one-third compared to a year ago. The answer lies in that basic economic tenet - supply and demand. Too much supply relative to the demand for milk and dairy products.
Comments
Published in Cornhusker Economics, 10/23/2002. Produced by the Cooperative Extension, Institute of Agriculture and Natural Resources, Department of Agricultural Economics, University of Nebraska–Lincoln.
http://www.agecon.unl.edu/Cornhuskereconomics.html