January 30, 2009

Is Ethanol Responsible For High Milk Prices?

Over the last year ethanol has been blamed for the high price of milk along with a number of other food cost increases. There is an article in the news today with a quote from dairy farmer Brian Getty that provides some insights into what has pushed milk prices up.

“The only thing that kept milk prices high for ’08 was exports,” he said. “Last year was a record year for exports.”

This isn't really any big surprise as I wrote in a post over a year ago that export demand was what was pushing dairy prices higher. But it is good to hear it coming from a dairy producer.

Source : The Record News

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