After more than 40 days of testimony, the Federal Milk Marketing Order hearings have wrapped up in Carmel, Indiana.
The American Farm Bureau Federation (AFBF) offered the final piece of testimony. AFBF Economist Danny Munch shared why the group requested an emergency implementation of the switch back to the higher-of Class 1 formula:
Munch says farmers have seen significant pool losses recently due to high spreads between the Class Three and Class Four prices.
The National Milk Producers Federation is also pushing for the previous system to go back into effect, or really any vehicle that can help get this changed for dairy producers.
As far as the federal order, Munch says there is still a long way to go in the reform process.
The Farm Bureau says, each month the process goes on will open up farmers to more negative pool losses due to the average of Class 1 mover formula.
