SACRAMENTO, Calif. — Farm milk prices paid to dairy farmers in California — who supply about 20% of the nation's milk — will drop 35.3% in February, from $1.50 to 97 cents per gallon. In California, minimum farm gate milk prices are set by the state's Department of Food and Agriculture, based on recent dairy futures trades on the Chicago Mercantile Exchange, and these prices are the lowest the state's farmers have seen in 30 years, according to the CDFA. “This is an extremely difficult ...
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