Oh boo hoo. Low prices? Not in the grocery stores. Oh a bad year when farmers are one of the riches groups in America. No sympathy.
Farm conglomerates are; family farms aren’t.
A few thoughts:
1) The milk business is heavily regulated and very political. The milk farmers did not benefit from high grain and hay prices, they had to buy at those high prices.
2) 300 cows would still be a family operation.
3) solution would be big farming and big government
4) why in a Japanese paper? looking for investors?
5) At one time it was important to have a 3 years reserve of grain. this created a lot of STABILITY but lower prices. Today, if we don’t use the LAST BUSHEL the same day the new crop comes in we screwed up.
Do you understand how tentative your food supply is compared to 20 years back?
Cargill may be the source of higher prices. Offer low prices to farmers then sell high to makers of the food products we buy at the supermarket.
They are a $120 billion dollar company.
https://en.wikipedia.org/wiki/Cargill