DFC Statement on Farmgate Milk Pricing

Oct 17, 2023

Ottawa– Each year, the Canadian Dairy Commission (CDC) reviews the cost of production data using an established formula to assess whether there is a need for a price adjustment of milk at farmgate, the price allocated to dairy farmers. The CDC consults industry stakeholders in making its final decision. This year, the calculations support a price adjustment of 1.77%, but dairy farmers recommend that this adjustment be delayed.

“Dairy farmers and their families are also consumers and experience the high cost of food these days. Recognizing the current level of food inflation and in solidarity with all Canadians, we have recommended the Canadian Dairy Commission delay its application of the price adjustment on milk until further notice," said DFC President David Wiens.

“That said, the price consumers pay for dairy products is ultimately determined by other players in the supply chain. Our hope is that our decision will result in other actors maintaining the price of dairy products at a time when food inflation hovers around 9%,” added Mr. Wiens.

Source : Dairy Farmers of canada

Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.