The new IFCN Dairy Report 2019 is there!
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IFCN Dairy Report 2019 – Anniversary Edition
2019 will be the year of lowest milk production growth since 2013. As this did not translate into milk price increases, IFCN identifies a structural drop in demand growth as one of the reasons.
Milk production trends by regions are highly diverse and dynamic. The 3-5% rule indicates that strong regions grow and weak ones decline by this rate every year.
Dairy farm structure dynamics drive milk supply and the speed of change is under-estimated. IFCN recommends using the annual growth of milk production per farm as an indicator. In the EU and the USA farms grew by 8% per year.
The key driver for farm structure developments lies in dairy farm economics and the current structure of economies of scale. The Dairy Report analyses this in over 50 countries.