Dairy farmers’ earnings dropped sharply in 2018/19 and are only set to recover marginally in the coming year, according to a report by UK South West accountancy firm, Old Mill & The Farm Consultancy Group. The report, The Milk Cost of Production Survey for 2019, revealed that comparable farm profits fell from 5.9p/litre (£383/cow) to 2.69p/litre (£141/cow) in the year to 31 March 2019. This was mainly attributable to the very dry summer, which hampered milk production and required producers...
