COUNTY AG NEWS
Here we are at the end of another year. In a few short days we begin another year. The grain markets have fallen off in 2015 and projections for 2016 are for the markets to remain fairly close to what we have seen in 2015.
The decline in the corn and soybean markets has served to benefit those in the dairy and beef industry. Dairy markets have declined over the past year. The beef market has been good up until the past month or so when we have seen some fairly substantial reductions in beef prices.
Lower commodity prices have resulted in lower feed costs for both dairy and beef producers. This works to benefit the dairy and beef producers but it is a severe challenge to those who are cash crop farming raising corn and soybeans. The current production price of around $550 per acre for corn and around $400 per acre for soybeans means that most producers on un-irrigated land in Waushara County will be growing corn and soybeans at a loss.
As we go into the New Year the projections for dairy producers are that we will be seeing milk prices that are projected to either remain the same or to gradually decrease over the next year. With a decrease in the price for milk we will probably see dairy producers start to market more of the lower producing dairy cows.