Will Dairy Producers Fill the $7 Billion Processing Gap?

As the dairy industry embraces a growth mindset, with 60% of processing executives optimistic about 2024, over $7 billion in processing investments are on the horizon. But can dairy producers meet the milk production demand? Rick Naerebout voices concerns over financial pressures, while industry leaders like Michael Dykes believe in the efficiency and potential of U.S. dairy producers to meet these needs.

The landscape is changing, with challenges like debt restructuring and heifer inventory impacting the path forward. With careful strategy adjustments and a focus on innovation, the dairy industry stands at a pivotal moment to fill the processing gap and drive future growth.

To learn more, read the full article in Dairy Herd Management by Karen Bohnert.