A new report says retaliatory tariffs imposed by China and Mexico could cut dairy farmer revenues by $16.6 billion, or 64 cents per hundredweight, over the next five years.
The U.S. Dairy Export Council commissioned the study which says tariffs could lower dairy exports by $2.7 billion and cut economic output by at least $8 billion between now and 2023.
In the short-term, dairy farmers are projected to lose $1.5 billion this year and at least $3 billion next year from lost exports.
Continue reading Tariffs cost dairy farmers 64 cents/cwt at Brownfield Ag News.
