Dairy Farms in the US
In the Dairy Farms industry, the most important success factor is the price farmers receive for raw milk. Over the five years to 2019, the price of raw milk has been highly volatile, causing revenue for the Dairy Farms industry to fluctuate. Over the five years to 2024, the industry will likely benefit from stabilizing milk prices and improved downstream demand. Government assistance will continue to support profit, while continued economic recovery and population growth will drive demand for dairy products. Falling feed prices are expected to decrease input costs, leading operators to drop their sale prices of milk while enabling profit margins to recover.
Operators in this industry primarily raise cattle for milk. The industry includes only the sale of raw milk and excludes the production of drinkable fluid milk and processed dairy products, such as butter, cheese and powdered milk. Those value-added activities are covered in the Dairy Product Production industry (IBISWorld report 31151).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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