Economist says milk price hearing will set precedent for years to com

Economist says milk price hearing will set precedent for years to com

An ag economist says some proposed changes to the Federal Milk Marketing Order system need about fifteen months to properly enact.

Dr. Marin Bozic with Edge Dairy Farmer Cooperative says standard component tests and changes to make allowances have been proposed, and what happens now sets the precedent for future updates. “There are already actions afoot to create a system where they would be regularly updated, so what we, how we handle make allowances and any potential implementation timeline here sets the precedent for how they will be handled once we have mandatory surveys, regular hearings, etc.”

Bozic testified during the Federal Milk Marketing Order hearing Friday, saying he is less concerned about 2025 than he is for years and potentially decades to come.