Feb. 24 (Bloomberg) -- U.S. dairy farmers will see a 27 percent drop in net-cash income on average this year as feed costs rise and milk prices decline, said Milton Madison, a U.S. Department of Agriculture economist.
Dairy income will fall to $175,500 per farm from a record $239,800 a year earlier, Madison, senior economist for the agency’s Dairy and Sweeteners Analysis Group, said today at a conference in Arlington, Virginia. Lower corn and hay prices in the second half of 2012 will bring some relief, he said.
--Editors: Steve Stroth, Thomas Galatola
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