Volatility in global milk and feed prices

Milk prices and feed prices are for dairy farmers and their farm profits the most important drivers. Using the standards developed by IFCN to illustrate how these prices have developed globally in the time frame 2006 – 2014 it is possible to illustrate the farm economic implications. By Torsten Hemme, IFCN Dairy Research Center Kiel, Germany Within the timespan the dataset was acquired, dairy farmers had some good times as well as crises. In the last year, from April 2013 until Ap