Listen: Dairy Farmers, Nico, American Farm discussed on Adventures in Finance: A Real Vision Podcast
"So from twenty twelve to twenty seventeen growth in that industry increased by sixty one percent. Meanwhile, the milk industry has been in decline. So right now, dairy farmers are faced with this glut of milk. And while they do blame, you know, the almond milk industry on the milk industry for declining sales. There are other reasons for why there are problems with the milk industry and why we're seeing this glut of milk. So right now better genetics means that cows produce more milk. And so you're seeing this pretty drastic increase from the nineteen twenties to today in the amount of milk produced per cow. So cows in the nineteen twenties produced about four thousand pounds of milk per year. Whereas today they produce. Twenty two thousand pounds of milk, which is a huge amount. I mean, but that's incredible productivity games. So, yeah, I mean. Isn't it? It probably also reflects a change in the way forms work where like he used to be that most farms had cows and chickens like Capela cows had chickens. They grew corn, the grew this, they sort of did everything and at whole work together as Nico system and the American farm has shifted toward a, you know each okay. Visit a corn firm, but this is a milk or ses specialized yet. And so and so each cow, just like just getting getting. Yeah. Well, they've been selective breeding and all sorts of other things, right.."