{"id":1135,"date":"2020-03-05T13:57:29","date_gmt":"2020-03-05T20:57:29","guid":{"rendered":"https:\/\/msfagriculture.com\/?p=1135"},"modified":"2020-03-20T14:12:23","modified_gmt":"2020-03-20T20:12:23","slug":"pennsylvania-dairy-farmers-losing-550-million","status":"publish","type":"post","link":"https:\/\/msfagriculture.com\/2020\/03\/05\/pennsylvania-dairy-farmers-losing-550-million\/","title":{"rendered":"Pennsylvania Dairy Farmers Losing $550 Million Each Year"},"content":{"rendered":"<h2>Pennsylvania Dairy Farmers Losing $550 Million Each Year<\/h2>\n<p><span style=\"font-weight: 400;\">The economic crisis afflicting the United States\u2019 dairy industry has reached a fever pitch in recent years. In 2018 alone, almost <\/span><a href=\"https:\/\/www.livekindly.co\/nearly-3000-u-s-dairy-farms-closed-2018\/\"><span style=\"font-weight: 400;\">3,000 dairy farms<\/span><\/a><span style=\"font-weight: 400;\"> were forced to permanently close their doors due to the practically impossible demands of the modern market. Pennsylvania provides an illustrative and more specific example: according to local sources, the dairy industry in that state is currently losing around $550 million every year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These figures are staggering, and they demand some further explanation. However, if you\u2019re worried about how the dairy crisis could affect your business, there are options available to you. One of these is obtaining an <\/span><a href=\"https:\/\/msfagriculture.com\/agriculture-loans\/\"><span style=\"font-weight: 400;\">agriculture ag loan<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we\u2019ll explore how the dairy crisis could continue to change the face of the U.S agricultural industry. And how ag loans can help farmers in need.<\/span><\/p>\n<h2><b>What Are the Causes of the Dairy Crisis?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Like any economic downturn, the current <\/span><a href=\"https:\/\/msfagriculture.com\/2019\/12\/13\/farm-loan-dairy-crisis\/\"><span style=\"font-weight: 400;\">dairy crisis<\/span><\/a><span style=\"font-weight: 400;\"> in the United States can be traced back to a huge number of interconnected social, economic, and political events. But the primary cause of the crisis has been <\/span><i><span style=\"font-weight: 400;\">overproduction<\/span><\/i><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average price of milk has been steadily declining in the United States for many years. There are a number of factors that are driving this trend, including the fact that demand for cow\u2019s milk is steadily declining while the national appetite for dairy-alternatives is steadily growing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thousands of independent farms are trying to compensate for the decrease in sales by producing even greater quantities of milk. As a result, however, they\u2019re continuing to flood an already overflowing market, which is in turn driving down the price of milk even further.<\/span><\/p>\n<h2>What Does the Future Have in Store for the U.S Dairy Industry?<\/h2>\n<p><span style=\"font-weight: 400;\">The national economy and the habits of consumers in the United States are forces that are far too complex for us to be able to forecast <\/span><i><span style=\"font-weight: 400;\">any<\/span><\/i><span style=\"font-weight: 400;\"> outcome with certainty. That said, we can expect that the pressure that\u2019s currently being felt by dairy farmers across the country will not be relieved anytime soon. If the dairy industry is ever going to recuperate to its former glory, it will require an uptick in consumer demand as well as dramatic political intervention.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If your farm is among the many that is suffering from the dairy crisis, you may want to consider farm refinancing. Refinancing your farm can help you gain access to funds so that you can keep your farm stable until the crisis is resolved.\u00a0<\/span><\/p>\n<h2>Find Agriculture Ag Loans Today!<\/h2>\n<p><span style=\"font-weight: 400;\">Whether you\u2019re buying a farm or seeking financial solutions for your current business, MSF Agriculture has the resources and expertise that you need. We\u2019ll help you secure the best agriculture ag loan available. <\/span><a href=\"https:\/\/msfagriculture.com\/contact\/\"><span style=\"font-weight: 400;\">Contact our office<\/span><\/a><span style=\"font-weight: 400;\"> today to learn more!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pennsylvania Dairy Farmers Losing $550 Million Each Year The economic crisis afflicting the United States\u2019 dairy industry has reached a fever pitch in recent years. In 2018 alone, almost 3,000 dairy farms were forced to permanently close their doors due to the practically impossible demands of the modern market. Pennsylvania provides an illustrative and more [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1136,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pennsylvania Dairy Farmers Losing $550 Million Each Year - MSFAgriculture<\/title>\n<meta name=\"description\" content=\"Pennsylvania farmers are struggling in wake of the dairy crisis. More states may feel the same effects. 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