Quoted: Even though the situation in the industry remains tough, Mark Stephenson, head of dairy policy analysis at the University of Wisconsin-Madison, said “2020 was not as bad a year for dairy farmers.”
Milk prices had been low since 2015 — “for a longer period of time than we’ve seen in quite a while,” according to Stephenson. Farmers did their best to cut costs, and waited for demand to increase and boost prices with it.