Dairy Industry Issues
October U.S. milk production up 1.2%
Slow growth in cow numbers and moderate increase in milk per cow boosts overall production.
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Agricultural loan interest rates continue to rise
Based on quarterly lender surveys in major agricultural Federal Reserve districts, interest rates on all agricultural loans rose in the third quarter of 2022.
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What Happened/What’s Next: NMPF moves closer to FMMO hearing petition
One of the NMPF provisions is a return to the “higher of” Class I mover formula.
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