Huge profit decline on US dairy farms

US dairy farms in the Midwest saw their gross profit (EBITDA) in 2015 fall from just over 3.9 million dollars to approx. 1.56 million dollar. Net income fell from over 2.9 million dollars to over 551,000 dollars. This is concluded from the profit and loss accounts of more than 50 large dairy farms, prepared by accountant’s bureau Nietzke & Fauple.  In 2015, the dairy farms had an average of 2,017 dairy cows, producing over 25 million kilograms of milk together. That is considerab