US: 2023 brings concerns and opportunities in the commonwealth

Published 2023년 3월 1일

Tridge summary

The article provides an overview of the state of the dairy industry in Pennsylvania as the new year begins, with a focus on the mixed emotions of producers due to high uncertainties and frustration. Despite high input costs, good financial conditions are reported due to high milk prices in 2022. However, concerns about high costs and limited expansion space persist. There are positive signs, such as good-quality forages, new processing plants, and grants for low-cost improvements. The dairy industry is also encouraged by the potential for growth in milk production per cow and the support from the USDA's Dairy Margin Coverage program. The authors highlight the industry's resilience and opportunity for growth, particularly with investments in technology, management, and transitions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The staff of Pennsylvania’s Center for Dairy Excellence (CDE) are regular partners with Progressive Dairy in providing risk management, business management and other information vital for dairy producers. Expanding on Progressive Dairy’s annual “State of Dairy” outlook for the northeast U.S., Zach Myers, risk education manager, and Jayne Sebright, executive director, provide insights on current conditions and future challenges and opportunities as 2023 gets underway. Moods are mixed Entering the new year, the moods of Pennsylvania dairy producers are a mix of uncertainty and frustration. The uncertainty, Myers says, hinges on the fact that while 2022 marked a good year in the milk price cycle, the price outlook is weaker for the first half of 2023, and input costs remain high. The frustration, Sebright explains, relates to restrictions on growth, even though 2022 put many producers in better positions to grow their milk production and potentially invest in modest expansion ...

Source: Progressivedairy