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Farm Progress America, April 6, 2022

Max Armstrong shares insight from a report looking at the global dairy industry.

Max Armstrong reports on the growing demand for milk. Max shares insights from USDA's Economic Research Service showing that global milk demand is rising, which is a key market for U.S. producers. Max shares that U.S. farmers produce 12% of global milk supply, but net returns for product have continued to fall, crimping margins. ERS looks at where most milk is produced and offers insight on how tighter margins are driving farm size.

Max Armstrong Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of This Week in Agribusiness.

Photo: aratisteer/Getty Images Plus

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